Mid-America Apartment Communities, Inc. $MAA Stock Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 461.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 721,418 shares of the real estate investment trust’s stock after acquiring an additional 593,020 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.62% of Mid-America Apartment Communities worth $106,777,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Mid-America Apartment Communities during the second quarter valued at $795,893,000. Allworth Financial LP increased its holdings in shares of Mid-America Apartment Communities by 33.1% in the 2nd quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock valued at $4,457,000 after purchasing an additional 7,481 shares during the period. Barings LLC purchased a new stake in shares of Mid-America Apartment Communities in the second quarter worth approximately $2,268,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth approximately $5,156,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Mid-America Apartment Communities by 1,704.4% during the second quarter. SG Americas Securities LLC now owns 112,398 shares of the real estate investment trust’s stock worth $16,636,000 after purchasing an additional 106,169 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

MAA opened at $131.04 on Tuesday. 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 PE ratio of 27.76, a price-to-earnings-growth ratio of 3.75 and a beta of 0.77. The stock has a 50-day moving average of $132.73 and a 200-day moving average of $141.64. Mid-America Apartment Communities, Inc. has a 52-week low of $125.75 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 company 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 business posted $2.21 earnings per share. The firm’s 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. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a dividend of $1.515 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.6%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s payout ratio is currently 128.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MAA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. Morgan Stanley cut their price objective 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. Mizuho lowered their target price on Mid-America Apartment Communities from $150.00 to $146.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Scotiabank downgraded Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $146.00 to $142.00 in a research note on Friday. Finally, Cantor Fitzgerald initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price target for the company. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $154.95.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average price 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 of the company’s stock, valued at $41,445,779.76. The trade was a 0.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

About Mid-America Apartment Communities

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.