Key Points
- EVP Robert Delpriore sold 5,426 shares on Jan. 2 at an average of $138.23 for about $750,036, reducing his ownership by 9.83% to 49,745 shares; the sale was disclosed on an SEC Form 4.
- Mid‑America raised its quarterly dividend to $1.53 (annualized $6.12) with an ex‑dividend date of Jan. 15, yielding 4.5%, though the dividend payout ratio is a high 128.39%.
- The REIT reported recent quarterly EPS of $2.16 (missing estimates by $0.01) and set FY2025 guidance of 8.680–8.800 EPS versus analyst forecasts around 8.84, with a MarketBeat consensus rating of "Hold" and a $154.89 price target.
Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) EVP Robert Delpriore sold 5,426 shares of the business's stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the transaction, the executive vice president directly owned 49,745 shares in the company, valued at approximately $6,876,251.35. This trade represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Mid-America Apartment Communities Stock Performance
Shares of MAA stock opened at $137.38 on Tuesday. The firm has a 50 day moving average of $133.22 and a 200-day moving average of $139.42. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.94 and a beta of 0.78. 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, Inc. has a 52 week low of $125.75 and a 52 week high of $173.38.
Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its 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). The company had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.The firm's revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 earnings per share. 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 analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.
Mid-America Apartment Communities Increases Dividend
The company also recently announced 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. The ex-dividend date is Thursday, January 15th. 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. Mid-America Apartment Communities's dividend payout ratio (DPR) is 128.39%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on MAA shares. BNP Paribas Exane cut Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating in a research note on Monday, September 29th. Piper Sandler reduced their price target on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, November 3rd. Mizuho decreased their price target on shares of Mid-America Apartment Communities from $150.00 to $146.00 and set an "outperform" rating for the company in a research note on Monday, November 24th. UBS Group raised shares of 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 note on Monday, November 10th. Finally, Morgan Stanley decreased their target price on shares of Mid-America Apartment Communities from $169.00 to $164.00 and set an "overweight" rating for the company in a research report on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of "Hold" and a consensus price target of $154.89.
Check Out Our Latest Stock Analysis on Mid-America Apartment Communities
Institutional Trading of Mid-America Apartment Communities
Institutional investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $26,000. Tobam bought a new stake in Mid-America Apartment Communities during the third quarter worth $26,000. Sound Income Strategies LLC boosted its position in Mid-America Apartment Communities by 972.2% in 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 during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Mid-America Apartment Communities in the 3rd quarter valued at $33,000. Institutional investors own 93.60% of the company's stock.
Mid-America Apartment Communities Company Profile
(
Get Free Report)
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.
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