Mid-America Apartment Communities, Inc. $MAA Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 46.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,326 shares of the real estate investment trust’s stock after selling 8,201 shares during the quarter. Pacer Advisors Inc.’s holdings in Mid-America Apartment Communities were worth $1,303,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Inspire Investing LLC raised its position in Mid-America Apartment Communities by 16.6% in the third quarter. Inspire Investing LLC now owns 2,218 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 315 shares in the last quarter. Swedbank AB grew its stake in shares of Mid-America Apartment Communities by 6.4% in the 3rd quarter. Swedbank AB now owns 188,067 shares of the real estate investment trust’s stock worth $26,279,000 after purchasing an additional 11,232 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Mid-America Apartment Communities by 0.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 43,924 shares of the real estate investment trust’s stock worth $6,130,000 after purchasing an additional 224 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Mid-America Apartment Communities by 28.6% during the third quarter. Farther Finance Advisors LLC now owns 3,440 shares of the real estate investment trust’s stock valued at $481,000 after purchasing an additional 766 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Mid-America Apartment Communities by 85.5% during the third quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock valued at $4,002,000 after purchasing an additional 13,198 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $138.97 on Friday. Mid-America Apartment Communities, Inc. has a 12 month low of $125.75 and a 12 month high of $173.38. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.87. The stock has a market cap of $16.27 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 3.96 and a beta of 0.78. The business has a fifty day simple moving average of $133.03 and a 200-day simple moving average of $139.70.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results 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). The business had revenue of $554.37 million for 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%. During the same period in the previous year, the firm posted $2.21 earnings per share. The firm’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. On average, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued 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 dividend yield of 4.4%. The ex-dividend date is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is 128.39%.

Insider Buying and Selling

In related news, EVP Adrian Hill acquired 758 shares of the company’s stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the purchase, the executive vice president owned 48,766 shares in the company, valued at $6,428,821.78. This represents a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Eric Bolton, Jr. bought 578 shares of the business’s stock in a transaction on Friday, October 31st. The stock was bought at an average price of $129.36 per share, with a total value of $74,770.08. Following the transaction, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MAA shares. Truist Financial dropped their price target on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Cantor Fitzgerald initiated coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 target price on the stock. Evercore ISI cut their target price on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating on the stock in a research report on Monday, December 15th. Morgan Stanley reduced their target price on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Finally, BNP Paribas Exane cut Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. 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 stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and a consensus price target 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.