Mid-America Apartment Communities, Inc. $MAA Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 416.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,163 shares of the real estate investment trust’s stock after purchasing an additional 255,758 shares during the quarter. First Trust Advisors LP’s holdings in Mid-America Apartment Communities were worth $46,943,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Mid-America Apartment Communities by 47.6% during the second quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 299 shares in the last quarter. Invesco Ltd. raised its position in shares of Mid-America Apartment Communities by 30.6% in the second quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust’s stock worth $271,659,000 after acquiring an additional 430,398 shares during the period. Groupe la Francaise acquired a new position in shares of Mid-America Apartment Communities in the second quarter worth about $485,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth about $8,308,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $2,185,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. bought 578 shares of the stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the acquisition, the chief executive officer directly owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MAA shares. Piper Sandler reduced their price target on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Mizuho reduced their target price on Mid-America Apartment Communities from $150.00 to $146.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. BTIG Research reiterated a “buy” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Friday. 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 for the company in a report on Friday, October 31st. Finally, UBS Group raised shares of Mid-America Apartment Communities from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $142.00 to $132.00 in a report on Monday, November 10th. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $154.95.

Mid-America Apartment Communities Stock Down 0.5%

NYSE MAA opened at $131.04 on Tuesday. The business has a fifty day moving average price of $132.73 and a 200 day moving average price of $141.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market cap of $15.34 billion, a P/E ratio of 27.76, a P/E/G ratio of 3.75 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a one year low of $125.75 and a one year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. Mid-America Apartment Communities’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last 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. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were paid 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 of this dividend was Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio is 128.39%.

Mid-America Apartment Communities 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.