Mid-America Apartment Communities, Inc. $MAA Shares Bought by Cwm LLC

Cwm LLC grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 112,928 shares of the real estate investment trust’s stock after buying an additional 3,814 shares during the quarter. Cwm LLC’s holdings in Mid-America Apartment Communities were worth $15,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MAA. Elevation Point Wealth Partners LLC purchased a new stake in Mid-America Apartment Communities during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Mid-America Apartment Communities in the second quarter worth about $26,000. Sound Income Strategies LLC boosted its stake in shares of 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 in the last quarter. AlphaQuest LLC purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth about $34,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at about $36,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Mid-America Apartment Communities news, EVP Adrian Hill acquired 758 shares of the business’s stock in a transaction on Friday, December 12th. The stock was bought at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the acquisition, the executive vice president owned 48,766 shares in the company, valued at approximately $6,428,821.78. The trade was a 1.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Eric Bolton, Jr. bought 578 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the completion of the purchase, the chief executive officer directly owned 320,391 shares in the company, valued at approximately $41,445,779.76. This represents a 0.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

MAA has been the subject of a number of analyst reports. Cantor Fitzgerald assumed coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price target for the company. Piper Sandler reduced their target price on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Monday, December 22nd. BNP Paribas cut shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, BTIG Research restated a “buy” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $154.89.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA opened at $137.75 on Friday. 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 1 year low of $125.75 and a 1 year high of $173.38. The firm has a market capitalization of $16.13 billion, a PE ratio of 29.18, a P/E/G ratio of 3.93 and a beta of 0.77. The business’s 50 day moving average price is $132.59 and its 200-day moving average price is $139.93.

Mid-America Apartment Communities (NYSE:MAA) last posted 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 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 company posted $2.21 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. 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, equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.4%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 128.39%.

About Mid-America Apartment Communities

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.