Mid-America Apartment Communities, Inc. $MAA Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. reduced its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,621 shares of the real estate investment trust’s stock after selling 7,513 shares during the period. Leavell Investment Management Inc. owned approximately 0.08% of Mid-America Apartment Communities worth $13,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MAA. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Mid-America Apartment Communities by 1.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,600 shares of the real estate investment trust’s stock valued at $643,000 after purchasing an additional 83 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Mid-America Apartment Communities by 1.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,518 shares of the real estate investment trust’s stock valued at $669,000 after buying an additional 84 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Mid-America Apartment Communities by 0.3% during the 2nd 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 last quarter. Gries Financial LLC grew its position in shares of Mid-America Apartment Communities by 0.9% during 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 increased its stake in shares of 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 during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO H Eric Bolton, Jr. acquired 578 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $129.36 per share, with a total value of $74,770.08. Following the acquisition, the chief executive officer directly owned 320,391 shares in the company, valued at approximately $41,445,779.76. The trade was a 0.18% 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, EVP Adrian Hill bought 758 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was purchased at an average price of $131.83 per share, with a total value of $99,927.14. Following the transaction, the executive vice president owned 48,766 shares in the company, valued at $6,428,821.78. The trade was a 1.58% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 6,079 shares of company stock worth $838,698 over the last ninety days. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MAA. Wells Fargo & Company decreased their price objective on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. BNP Paribas Exane downgraded Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. UBS Group upped their price objective on Mid-America Apartment Communities from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Barclays reduced their target price on Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Finally, Scotiabank downgraded Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $146.00 to $142.00 in a report on Friday, December 5th. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus price target of $155.37.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $137.06 on Friday. The company has a market cap of $16.05 billion, a P/E ratio of 29.04, a PEG ratio of 3.85 and a beta of 0.78. The business has a 50 day moving average of $134.60 and a two-hundred day moving average of $138.78. Mid-America Apartment Communities, Inc. has a 52 week low of $125.75 and a 52 week 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.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $557.22 million. During the same period last year, the business posted $2.21 EPS. The company’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, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given 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 4.5%. The ex-dividend date is Thursday, January 15th. Mid-America Apartment Communities’s payout ratio is currently 129.66%.

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.