Exchange Traded Concepts LLC Boosts Stake in Mid-America Apartment Communities, Inc. $MAA

Exchange Traded Concepts LLC grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 85.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,639 shares of the real estate investment trust’s stock after buying an additional 13,198 shares during the period. Exchange Traded Concepts LLC’s holdings in Mid-America Apartment Communities were worth $4,002,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MAA. AlphaQuest LLC acquired a new stake in shares of Mid-America Apartment Communities during the first quarter valued at $34,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Mid-America Apartment Communities by 16.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 27,351 shares of the real estate investment trust’s stock valued at $4,583,000 after purchasing an additional 3,815 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Mid-America Apartment Communities by 6.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 65 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $1,515,000. Finally, Harvest Portfolios Group Inc. raised its position in shares of Mid-America Apartment Communities by 31.2% in the first quarter. Harvest Portfolios Group Inc. now owns 12,073 shares of the real estate investment trust’s stock valued at $2,023,000 after buying an additional 2,871 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA opened at $137.44 on Thursday. The business has a 50-day moving average of $132.37 and a two-hundred day moving average of $140.13. The firm has a market capitalization of $16.09 billion, a PE ratio of 29.12, a P/E/G ratio of 3.88 and a beta of 0.77. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.06 and a quick ratio of 0.06. Mid-America Apartment Communities, Inc. has a 12 month low of $125.75 and a 12 month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share 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 firm had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same period in the prior year, the firm earned $2.21 earnings per share. The business’s revenue for the quarter 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. As a group, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

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

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. acquired 578 shares of the business’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $129.36 per share, with a total value 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adrian Hill bought 758 shares of the stock in a transaction dated Friday, December 12th. The stock was bought at an average price of $131.83 per share, with a total value of $99,927.14. Following the purchase, the executive vice president owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. This represents a 1.58% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on MAA shares. 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. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Monday. Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. UBS Group upgraded Mid-America Apartment Communities from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $142.00 to $132.00 in a research report on Monday, November 10th. Finally, Mizuho lowered their price target on Mid-America Apartment Communities from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and an average 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.