Aviva PLC Buys 82,763 Shares of Mid-America Apartment Communities, Inc. $MAA

Aviva PLC raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1,834.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,274 shares of the real estate investment trust’s stock after buying an additional 82,763 shares during the quarter. Aviva PLC’s holdings in Mid-America Apartment Communities were worth $12,917,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in shares of Mid-America Apartment Communities during the second quarter worth $5,156,000. Nordea Investment Management AB raised its stake in Mid-America Apartment Communities by 8.4% during the 2nd quarter. Nordea Investment Management AB now owns 10,161 shares of the real estate investment trust’s stock worth $1,494,000 after buying an additional 790 shares during the period. Entropy Technologies LP bought a new position in Mid-America Apartment Communities during the first quarter worth about $2,007,000. Fox Run Management L.L.C. bought a new stake in shares of Mid-America Apartment Communities in the first quarter worth about $526,000. Finally, Wealthfront Advisers LLC raised its position in shares of Mid-America Apartment Communities by 41.3% during the first quarter. Wealthfront Advisers LLC now owns 19,507 shares of the real estate investment trust’s stock worth $3,269,000 after purchasing an additional 5,702 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $131.53 on Wednesday. The firm has a market cap of $15.40 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $173.38. The stock has a 50-day moving average price of $136.06 and a 200-day moving average price of $145.46. 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 issued its 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 net margin of 25.23% and a return on equity of 9.10%. The firm had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same quarter in the prior year, the business earned $2.21 earnings per share. The business’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. Q4 2025 guidance at 2.170-2.290 EPS. As a group, equities 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. Shareholders of record on Wednesday, October 15th were paid a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio is currently 128.39%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price target on the stock. Royal Bank Of Canada decreased their price objective on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Wells Fargo & Company boosted their price objective on shares of Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, October 13th. Piper Sandler reduced their price objective 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. Finally, KeyCorp decreased their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and an average price target of $156.50.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. purchased 578 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average price of $129.36 per share, with a total value of $74,770.08. Following the acquisition, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This trade represents a 0.18% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

About Mid-America Apartment Communities

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.