Key Points
- Amber Fairbanks, MAA's executive vice president, sold 185 shares on Jan. 8 at $134.98 (about $24,971) and 233 shares on Jan. 6, reducing her stake to 3,519 shares — a 4.99% ownership decline.
- Mid-America increased its quarterly dividend to $1.53 ($6.12 annualized) for a 4.4% yield with an ex-dividend date of Jan. 15, although the dividend payout ratio is a high 128.39%.
- MAA slightly missed the quarter (EPS $2.16 vs. $2.17 expected; revenue $554.37M vs. $557.22M), issued FY2025 EPS guidance of 8.68–8.80, and holds a consensus analyst rating of Hold with a $155.16 target.
Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) EVP Amber Fairbanks sold 185 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $134.98, for a total transaction of $24,971.30. Following the completion of the sale, the executive vice president owned 3,519 shares in the company, valued at $474,994.62. This represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Amber Fairbanks also recently made the following trade(s):
- On Tuesday, January 6th, Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50.
Mid-America Apartment Communities Stock Up 2.7%
Shares of NYSE MAA opened at $138.57 on Friday. The stock has a market capitalization of $16.22 billion, a P/E ratio of 29.36, a PEG ratio of 3.84 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a one year low of $125.75 and a one year high of $173.38. The firm's 50 day simple moving average is $133.74 and its two-hundred day simple moving average is $139.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.06 and a quick ratio of 0.06.
Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million during 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%.Mid-America Apartment Communities's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.
Mid-America Apartment Communities Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a dividend of $1.53 per share. The ex-dividend date is Thursday, January 15th. This represents a $6.12 annualized dividend and a yield of 4.4%. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.52. Mid-America Apartment Communities's dividend payout ratio (DPR) is 128.39%.
Analyst Upgrades and Downgrades
MAA has been the subject of a number of analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Mid-America Apartment Communities in a research report on Monday, December 29th. Wall Street Zen downgraded Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Sunday, October 26th. BMO Capital Markets raised Mid-America Apartment Communities from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $150.00 to $158.00 in a research note on Friday. Cantor Fitzgerald assumed coverage on Mid-America Apartment Communities in a research note on Wednesday, October 1st. They set a "neutral" rating and a $150.00 target price on the stock. Finally, UBS Group upped their price target on shares of Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a "neutral" rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating, eleven 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 target price of $155.16.
Check Out Our Latest Analysis on MAA
Hedge Funds Weigh In On Mid-America Apartment Communities
A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Mid-America Apartment Communities by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust's stock valued at $2,149,000 after buying an additional 620 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Mid-America Apartment Communities by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,771 shares of the real estate investment trust's stock worth $95,147,000 after purchasing an additional 100,714 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Mid-America Apartment Communities in the first quarter worth $482,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Mid-America Apartment Communities by 9.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,236,647 shares of the real estate investment trust's stock worth $207,237,000 after purchasing an additional 107,661 shares in the last quarter. Finally, Bayforest Capital Ltd grew its position in Mid-America Apartment Communities by 207.1% in the first quarter. Bayforest Capital Ltd now owns 1,953 shares of the real estate investment trust's stock valued at $327,000 after acquiring an additional 1,317 shares in the last quarter. Hedge funds and other 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.
Further Reading
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