Mid-America Apartment Communities (NYSE:MAA) EVP Amber Fairbanks Sells 233 Shares of Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Amber Fairbanks sold 233 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total value of $31,804.50. Following the sale, the executive vice president owned 3,799 shares in the company, valued at approximately $518,563.50. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mid-America Apartment Communities Stock Up 0.6%

Mid-America Apartment Communities stock opened at $138.23 on Wednesday. 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 fifty day simple moving average of $133.37 and a two-hundred day simple moving average of $139.34. 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 has a market cap of $16.18 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 3.90 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The business had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. During the same period last year, the business earned $2.21 earnings per share. The company’s quarterly 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 and its Q4 2025 guidance at 2.170-2.290 EPS. Equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $1.53 per share. The ex-dividend date of this dividend is Thursday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a dividend yield of 4.4%. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently bought and sold shares of MAA. Elevation Point Wealth Partners LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Mid-America Apartment Communities in the 2nd quarter worth approximately $26,000. Tobam bought a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $26,000. Sound Income Strategies LLC raised its stake 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 period. Finally, Measured Wealth Private Client Group LLC purchased a new position in Mid-America Apartment Communities during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MAA. Evercore ISI cut their target price on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Cantor Fitzgerald began coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective for the company. Barclays lowered their target price on Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Truist Financial cut their price target on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research report on Monday, September 29th. Eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $154.89.

Mid-America Apartment Communities Company 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.