Osaic Holdings Inc. Increases Stake in Mid-America Apartment Communities, Inc. $MAA

Osaic Holdings Inc. increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 72.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,494 shares of the real estate investment trust’s stock after acquiring an additional 4,410 shares during the quarter. Osaic Holdings Inc.’s holdings in Mid-America Apartment Communities were worth $1,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. increased its position in Mid-America Apartment Communities by 2.7% during the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 70 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Mid-America Apartment Communities by 1.9% during the second quarter. Arkadios Wealth Advisors now owns 4,518 shares of the real estate investment trust’s stock valued at $669,000 after purchasing an additional 84 shares in the last quarter. State of Michigan Retirement System increased its holdings in Mid-America Apartment Communities by 0.3% during the second quarter. State of Michigan Retirement System now owns 35,399 shares of the real estate investment trust’s stock valued at $5,239,000 after buying an additional 100 shares during the period. Gries Financial LLC raised its stake in Mid-America Apartment Communities by 0.9% in the second quarter. Gries Financial LLC now owns 11,638 shares of the real estate investment trust’s stock worth $1,723,000 after buying an additional 102 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in Mid-America Apartment Communities by 3.8% in the second quarter. Stephens Inc. AR now owns 2,867 shares of the real estate investment trust’s stock worth $424,000 after buying an additional 105 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, EVP Adrian Hill purchased 758 shares of the company’s stock in a transaction on Friday, December 12th. The shares were acquired 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 trade represents a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Eric Bolton, Jr. acquired 578 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the completion of the acquisition, the chief executive officer directly owned 320,391 shares of the company’s stock, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.30% of the stock is owned by corporate insiders.

Mid-America Apartment Communities Stock Performance

MAA opened at $139.96 on Wednesday. The company has a market cap of $16.39 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 3.96 and a beta of 0.77. 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 firm’s 50-day moving average price is $132.85 and its 200-day moving average price is $139.71. 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 released its 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). Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.The company had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. During the same period in the prior year, the firm posted $2.21 EPS. The firm’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, equities 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 disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $1.53 per share. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date of this dividend is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

Analysts Set New Price Targets

MAA has been the topic of a number of analyst reports. 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 price target on the stock. UBS Group raised Mid-America Apartment Communities from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $142.00 to $132.00 in a research report on Monday, November 10th. Truist Financial reduced their target price on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Barclays decreased their price target on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Finally, Evercore ISI cut their price objective on shares of 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. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus price target of $154.89.

Mid-America Apartment Communities 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.