Texas Permanent School Fund Corp Cuts Stake in Mid-America Apartment Communities, Inc. $MAA

Texas Permanent School Fund Corp lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 34.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,033 shares of the real estate investment trust’s stock after selling 4,301 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Mid-America Apartment Communities were worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MAA. Elevation Point Wealth Partners LLC bought a new position in shares of Mid-America Apartment Communities during the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Mid-America Apartment Communities during the 2nd quarter valued at about $26,000. Sound Income Strategies LLC grew its position in Mid-America Apartment Communities by 972.2% during the 2nd 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. AlphaQuest LLC purchased a new position in Mid-America Apartment Communities in the 1st quarter worth approximately $34,000. Finally, Ransom Advisory Ltd purchased a new position in Mid-America Apartment Communities in the 1st quarter worth approximately $36,000. 93.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. bought 578 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were purchased 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 in the company, valued at approximately $41,445,779.76. This represents a 0.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Adrian Hill bought 758 shares of Mid-America Apartment Communities stock in a transaction dated Friday, December 12th. The stock was acquired at an average cost of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the transaction, the executive vice president directly owned 48,766 shares in the company, valued at approximately $6,428,821.78. This trade represents a 1.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MAA. Cantor Fitzgerald initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price objective for the company. Royal Bank Of Canada cut 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. Barclays decreased their price objective on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. BNP Paribas lowered shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, BTIG Research reissued a “buy” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, December 5th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $154.89.

Mid-America Apartment Communities Trading Up 0.9%

Shares of MAA opened at $137.44 on Thursday. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $173.38. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.87. The firm’s 50-day moving average price is $132.37 and its 200-day moving average price is $140.13. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 3.88 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly 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 the consensus estimate of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.Mid-America Apartment Communities’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 earnings per share. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $1.53 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.