Mid-America Apartment Communities, Inc. $MAA Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,209,030 shares of the real estate investment trust’s stock after buying an additional 17,074 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.89% of Mid-America Apartment Communities worth $326,959,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MAA. Financial Network Wealth Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Mid-America Apartment Communities during the second quarter worth $26,000. Larson Financial Group LLC grew its holdings 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 valued at $29,000 after purchasing an additional 91 shares during the last quarter. Sound Income Strategies LLC grew its holdings 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 valued at $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 in the first quarter valued at $34,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. acquired 578 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $129.36 per share, with a total value of $74,770.08. Following the purchase, the chief executive officer directly owned 320,391 shares in the company, 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 Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada reduced their price target on shares of 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. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price target on the stock. Wells Fargo & Company lifted their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and a consensus target price of $156.22.

Mid-America Apartment Communities Trading Up 0.3%

Shares of MAA opened at $130.92 on Friday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $173.38. The company has a market capitalization of $15.33 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. The stock has a fifty day moving average of $135.26 and a two-hundred day moving average of $144.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10.

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

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio (DPR) 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.