Harvest Portfolios Group Inc. Boosts Holdings in Mid-America Apartment Communities, Inc. $MAA

Harvest Portfolios Group Inc. grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 25.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,176 shares of the real estate investment trust’s stock after purchasing an additional 3,103 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Mid-America Apartment Communities were worth $2,246,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter valued at about $150,966,000. Deutsche Bank AG lifted its stake in shares of Mid-America Apartment Communities by 38.3% during the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock worth $284,188,000 after buying an additional 469,806 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Mid-America Apartment Communities by 248.0% during the first quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust’s stock valued at $69,193,000 after buying an additional 294,245 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Mid-America Apartment Communities by 59.7% in the 1st quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust’s stock valued at $121,734,000 after acquiring an additional 272,030 shares during the period. Finally, APG Asset Management US Inc. increased its position in shares of Mid-America Apartment Communities by 9.7% in the 1st quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust’s stock valued at $514,081,000 after acquiring an additional 271,507 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Up 2.0%

Mid-America Apartment Communities stock opened at $129.56 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a 12 month low of $125.75 and a 12 month high of $173.38. The stock’s 50 day simple moving average is $136.60 and its two-hundred day simple moving average is $146.05. The firm has a market cap of $15.17 billion, a PE ratio of 27.45, a P/E/G ratio of 3.38 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The firm had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. During the same period last year, the firm earned $2.21 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up .6% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued 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 dividend on an annualized basis and a yield of 4.7%. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of $129.36 per share, with a total value of $74,770.08. Following the purchase, the chief executive officer directly owned 320,391 shares in the company, valued at $41,445,779.76. The trade was a 0.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MAA shares. Scotiabank lowered their price target on Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Mizuho raised Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. KeyCorp cut their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company lifted their price objective on shares of Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. Finally, Cantor Fitzgerald assumed coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $158.44.

Mid-America Apartment Communities Company Profile

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.