SG Americas Securities LLC Purchases 89,889 Shares of Mid-America Apartment Communities, Inc. $MAA

SG Americas Securities LLC grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 80.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,287 shares of the real estate investment trust’s stock after purchasing an additional 89,889 shares during the quarter. SG Americas Securities LLC’s holdings in Mid-America Apartment Communities were worth $28,266,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. HB Wealth Management LLC lifted its holdings in Mid-America Apartment Communities by 8.0% in the third quarter. HB Wealth Management LLC now owns 12,022 shares of the real estate investment trust’s stock valued at $1,680,000 after buying an additional 891 shares during the period. Caldwell Trust Co bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth about $51,000. CX Institutional lifted its stake in shares of Mid-America Apartment Communities by 19.0% in the 3rd quarter. CX Institutional now owns 1,048 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 167 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Mid-America Apartment Communities by 36.7% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 125 shares in the last quarter. Finally, Greenleaf Trust boosted its position in shares of Mid-America Apartment Communities by 8.3% during the 3rd quarter. Greenleaf Trust now owns 2,213 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling

In related news, EVP Adrian Hill purchased 758 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average cost of $131.83 per share, with a total value of $99,927.14. Following the transaction, the executive vice president owned 48,766 shares of the company’s stock, valued at $6,428,821.78. This represents a 1.58% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert J. Delpriore sold 5,426 shares of Mid-America Apartment Communities stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total transaction of $750,035.98. Following the transaction, the executive vice president directly owned 49,745 shares in the company, valued at $6,876,251.35. This represents a 9.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,768 shares of company stock worth $796,719 over the last three months. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MAA. Mizuho lowered their target price on Mid-America Apartment Communities from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Barclays lowered their price objective 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 note on Tuesday, November 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. Truist Financial reduced their price target 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. Finally, Cantor Fitzgerald assumed coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.89.

Mid-America Apartment Communities Stock Down 2.3%

Mid-America Apartment Communities stock opened at $135.00 on Thursday. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $173.38. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 3.93 and a beta of 0.78. The firm’s fifty day moving average price is $133.54 and its two-hundred day moving average price is $139.31. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.87.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 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 business had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. During the same period in the previous year, the firm earned $2.21 earnings per share. The company’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. On average, equities research analysts predict 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $1.53 dividend. This represents a $6.12 annualized dividend and a dividend yield of 4.5%. 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 (DPR) is currently 128.39%.

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.