iA Global Asset Management Inc. Decreases Stake in Mid-America Apartment Communities, Inc. $MAA

iA Global Asset Management Inc. lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 35.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,210 shares of the real estate investment trust’s stock after selling 660 shares during the quarter. iA Global Asset Management Inc.’s holdings in Mid-America Apartment Communities were worth $179,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC purchased a new position in Mid-America Apartment Communities in the first quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in Mid-America Apartment Communities in the second quarter worth approximately $26,000. Larson Financial Group LLC lifted its stake in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 91 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 175 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in Mid-America Apartment Communities in the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI cut their price objective on shares of Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating on the stock in a report on Monday. Royal Bank Of Canada dropped their target price on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Morgan Stanley cut their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Piper Sandler decreased their price objective on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday. Finally, BNP Paribas Exane lowered Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a report on Monday, September 29th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $158.44.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. bought 578 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of $129.36 per share, with a total value of $74,770.08. Following the acquisition, the chief executive officer directly owned 320,391 shares of the company’s stock, valued at $41,445,779.76. The trade was a 0.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by insiders.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $129.06 on Wednesday. The firm’s fifty day simple moving average is $137.59 and its 200-day simple moving average is $146.49. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.38 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a 12 month low of $125.75 and a 12 month high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 earnings per share. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. As a group, equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.