SG Americas Securities LLC Has $16.64 Million Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

SG Americas Securities LLC grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1,704.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 112,398 shares of the real estate investment trust’s stock after purchasing an additional 106,169 shares during the quarter. SG Americas Securities LLC’s holdings in Mid-America Apartment Communities were worth $16,636,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAA. Caitong International Asset Management Co. Ltd acquired a new position in Mid-America Apartment Communities in the second quarter valued at about $26,000. Larson Financial Group LLC lifted its position in shares of 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 purchasing an additional 91 shares in the last quarter. Financial Network Wealth Advisors LLC bought a new stake in Mid-America Apartment Communities during the 1st quarter worth about $29,000. Sound Income Strategies LLC raised its holdings in 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 acquiring an additional 175 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Insider Transactions 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 on Friday, October 31st. The stock was purchased at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the completion of the transaction, the chief executive officer directly 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAA. Barclays decreased their target price 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. Wells Fargo & Company boosted their price target on Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. Cantor Fitzgerald initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 target price on the stock. BNP Paribas Exane cut Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a report on Monday, September 29th. Finally, Wall Street Zen downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $156.22.

Mid-America Apartment Communities Trading Up 0.3%

NYSE:MAA opened at $130.92 on Friday. Mid-America Apartment Communities, Inc. has a 12 month low of $125.75 and a 12 month high of $173.38. The stock has a market capitalization of $15.33 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 3.38 and a beta of 0.78. The firm has a fifty day simple moving average of $135.26 and a two-hundred day simple moving average of $144.97. 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 posted its earnings results 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 return on equity of 9.10% and a net margin of 25.23%.The business had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same quarter in the prior year, the company earned $2.21 EPS. The company’s revenue was up .6% on a year-over-year basis. 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. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

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