ProShare Advisors LLC Acquires 2,391 Shares of Mid-America Apartment Communities, Inc. $MAA

ProShare Advisors LLC raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,128 shares of the real estate investment trust’s stock after acquiring an additional 2,391 shares during the quarter. ProShare Advisors LLC’s holdings in Mid-America Apartment Communities were worth $4,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of MAA. Financial Network Wealth Advisors LLC purchased a new position in Mid-America Apartment Communities during the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $26,000. Larson Financial Group LLC lifted its position in shares of Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 91 shares in the last quarter. Sound Income Strategies LLC grew 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 valued at $29,000 after acquiring an additional 175 shares during the period. Finally, AlphaQuest LLC purchased a new stake in Mid-America Apartment Communities in the 1st quarter worth approximately $34,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. bought 578 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $130.92 on Friday. The business’s 50-day moving average is $135.26 and its 200 day moving average is $145.06. 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 market capitalization of $15.33 billion, a P/E ratio of 27.74, a P/E/G ratio of 3.38 and a beta of 0.78. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The firm had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. During the same period in the previous year, the firm earned $2.21 EPS. The business’s revenue 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. Q4 2025 guidance at 2.170-2.290 EPS. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, October 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is 128.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI dropped their price target on shares of Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating for the company in a research report on Monday, November 3rd. Piper Sandler dropped their target price on shares of 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. Royal Bank Of Canada decreased their price target on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company upped their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, October 13th. Finally, UBS Group raised Mid-America Apartment Communities from a “sell” rating to a “neutral” rating and decreased their target price for the company from $142.00 to $132.00 in a research note on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $156.22.

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.