Key Points
- EVP Adrian Hill purchased 758 shares of Mid-America Apartment Communities at an average price of $131.83 on Dec. 12, a $99,927 transaction that raised his stake to 48,766 shares (a 1.58% increase).
- Mid-America raised its quarterly dividend to $1.515 (from $1.06), implying a $6.06 annualized payout and a ~4.6% yield, though the payout ratio is high at 128.39%.
- The company slightly missed quarterly expectations (EPS $2.16 vs. $2.17 consensus; revenue $554.37M vs. $557.22M) and provided FY2025 guidance of 8.68–8.80 EPS, near analysts' forecast of 8.84.
Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) EVP Adrian Hill purchased 758 shares of Mid-America Apartment Communities stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the purchase, the executive vice president directly owned 48,766 shares in the company, valued at approximately $6,428,821.78. This trade represents a 1.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Mid-America Apartment Communities Stock Up 0.4%
Mid-America Apartment Communities stock opened at $132.66 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 firm has a 50 day moving average price of $132.19 and a 200 day moving average price of $140.87. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $173.38. The company has a market capitalization of $15.53 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 3.76 and a beta of 0.77.
Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly 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 firm had revenue of $554.37 million for the quarter, compared to analysts' expectations of $557.22 million. During the same quarter in the prior year, the business earned $2.21 earnings per share. The company's quarterly 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. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.
Mid-America Apartment Communities Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a $1.515 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a dividend yield of 4.6%. Mid-America Apartment Communities's payout ratio is 128.39%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on MAA shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. Truist Financial lowered their target price on Mid-America Apartment Communities from $158.00 to $146.00 and set a "buy" rating for the company in a research note on Monday, November 10th. Evercore ISI decreased their price objective on Mid-America Apartment Communities from $144.00 to $143.00 and set an "in-line" rating for the company in a research note on Monday. BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating in a research note on Monday, September 29th. Finally, Morgan Stanley decreased their price target on shares of Mid-America Apartment Communities from $169.00 to $164.00 and set an "overweight" rating for the company in a research note on Thursday, November 13th. 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 stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $154.89.
Check Out Our Latest Stock Analysis on Mid-America Apartment Communities
Institutional Trading of Mid-America Apartment Communities
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Mid-America Apartment Communities in the second quarter valued at $26,000. Tobam purchased a new position in shares of Mid-America Apartment Communities during the third quarter worth about $26,000. Sound Income Strategies LLC increased its position in shares of Mid-America Apartment Communities by 972.2% during the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 175 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 93.60% of the company's stock.
Mid-America Apartment Communities Company Profile
(
Get Free Report)
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.
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