Metis Global Partners LLC Acquires 4,119 Shares of Mid-America Apartment Communities, Inc. $MAA

Metis Global Partners LLC increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 21.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,595 shares of the real estate investment trust’s stock after acquiring an additional 4,119 shares during the quarter. Metis Global Partners LLC’s holdings in Mid-America Apartment Communities were worth $3,492,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Financial Network Wealth Advisors LLC bought a new position in shares of Mid-America Apartment Communities during the 1st quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new position in Mid-America Apartment Communities during the second quarter valued at about $26,000. Larson Financial Group LLC raised its holdings in Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 91 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Mid-America Apartment Communities by 972.2% in the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 175 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth approximately $34,000. 93.60% of the stock is owned by institutional investors.

Insider Activity at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $129.36 per share, with a total value of $74,770.08. Following the completion of the purchase, the chief executive officer owned 320,391 shares of the company’s stock, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Trading Up 2.0%

Shares of NYSE MAA opened at $129.56 on Friday. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $173.38. The company has a 50-day moving average of $136.60 and a two-hundred day moving average of $145.97. The company 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. 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 (NYSE:MAA) 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). 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 net margin of 25.23% and a return on equity of 9.10%. Mid-America Apartment Communities’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last 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. Q4 2025 guidance at 2.170-2.290 EPS. As a group, equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a $1.515 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.7%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is 128.39%.

Analyst Ratings Changes

Several research analysts recently commented on MAA shares. Royal Bank Of Canada reduced their target price on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. Barclays lowered their target price on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings restated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. Finally, BNP Paribas downgraded Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average 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.