Anchor Capital Advisors LLC Raises Holdings in Mid-America Apartment Communities, Inc. $MAA

Anchor Capital Advisors LLC grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 18.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 356,670 shares of the real estate investment trust’s stock after buying an additional 55,275 shares during the quarter. Mid-America Apartment Communities makes up approximately 1.5% of Anchor Capital Advisors LLC’s portfolio, making the stock its 13th largest holding. Anchor Capital Advisors LLC’s holdings in Mid-America Apartment Communities were worth $52,791,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Mid-America Apartment Communities in a report on Wednesday, October 8th. Barclays lowered their price target on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 30th. Cantor Fitzgerald assumed coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $158.44.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $128.50 on Thursday. Mid-America Apartment Communities, Inc. has a twelve month low of $125.75 and a twelve month high of $173.38. The stock’s 50 day moving average is $137.27 and its two-hundred day moving average is $146.37. The firm has a market capitalization of $15.05 billion, a PE ratio of 27.22, a P/E/G ratio of 3.38 and a beta of 0.78. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The business had revenue of $554.37 million during the quarter, compared to analysts’ expectations of $557.22 million. During the same period in the prior year, the firm posted $2.21 EPS. Mid-America Apartment Communities’s revenue for the quarter was up .6% compared to the same quarter last year. 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. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a $1.515 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.7%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. acquired 578 shares of the stock in a transaction on Friday, October 31st. The shares were bought at an average price of $129.36 per share, with a total value of $74,770.08. Following the acquisition, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Profile

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.