Vestmark Advisory Solutions Inc. Purchases New Shares in Mid-America Apartment Communities, Inc. $MAA

Vestmark Advisory Solutions Inc. acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,388 shares of the real estate investment trust’s stock, valued at approximately $205,000.

A number of other institutional investors also recently bought and sold shares of the business. Brown Advisory Inc. acquired a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $224,000. Cerity Partners LLC lifted its position in Mid-America Apartment Communities by 10.6% during the 1st quarter. Cerity Partners LLC now owns 14,987 shares of the real estate investment trust’s stock worth $2,512,000 after acquiring an additional 1,437 shares during the period. Stephens Inc. AR lifted its position in Mid-America Apartment Communities by 2.6% during the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 70 shares during the period. Signaturefd LLC grew its stake in shares of Mid-America Apartment Communities by 2.9% in the 1st quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 81 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Mid-America Apartment Communities by 41.3% in the first quarter. Wealthfront Advisers LLC now owns 19,507 shares of the real estate investment trust’s stock valued at $3,269,000 after purchasing an additional 5,702 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Piper Sandler lowered their target price on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Barclays reduced their price objective on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. Finally, Royal Bank Of Canada lowered their price objective on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $156.22.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. bought 578 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $129.36 per share, for a total transaction 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. The trade was a 0.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $131.22 on Thursday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 3.38 and a beta of 0.78. The company’s 50-day moving average price is $135.82 and its 200 day moving average price is $145.37. Mid-America Apartment Communities, Inc. has a 52 week low of $125.75 and a 52 week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The company had revenue of $554.37 million during the quarter, compared to analysts’ expectations of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. Mid-America Apartment Communities’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. 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, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were paid a dividend of $1.515 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a yield of 4.6%. The ex-dividend date was Wednesday, October 15th. Mid-America Apartment Communities’s payout ratio is currently 128.39%.

Mid-America Apartment Communities Company 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.