Rakuten Investment Management Inc. Invests $21.13 Million in Mid-America Apartment Communities, Inc. $MAA

Rakuten Investment Management Inc. bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 151,234 shares of the real estate investment trust’s stock, valued at approximately $21,132,000. Rakuten Investment Management Inc. owned approximately 0.13% of Mid-America Apartment Communities as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in MAA. Norges Bank acquired a new position in Mid-America Apartment Communities in the second quarter valued at about $795,893,000. Allworth Financial LP grew its position in shares of Mid-America Apartment Communities by 33.1% during the 2nd quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock worth $4,457,000 after buying an additional 7,481 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Mid-America Apartment Communities by 85.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock valued at $4,002,000 after acquiring an additional 13,198 shares during the last quarter. Barings LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $2,268,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $5,156,000. 93.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Robert J. Delpriore sold 5,426 shares of Mid-America Apartment Communities stock in a transaction 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 sale, the executive vice president directly owned 49,745 shares in the company, valued at approximately $6,876,251.35. The trade was a 9.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Eric Bolton, Jr. purchased 578 shares of the business’s stock in a transaction on Friday, October 31st. The shares were acquired at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the completion of the transaction, the chief executive officer directly owned 320,391 shares in the company, valued at approximately $41,445,779.76. This represents a 0.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 6,079 shares of company stock valued at $838,698 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on MAA shares. Morgan Stanley lowered 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 note on Thursday, November 13th. Wells Fargo & Company decreased their price target on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Cantor Fitzgerald started coverage on Mid-America Apartment Communities in a research note on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price objective on the stock. Wall Street Zen cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Mizuho increased their price target on Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $155.37.

Mid-America Apartment Communities Stock Performance

MAA opened at $134.36 on Wednesday. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 3.90 and a beta of 0.78. The business’s 50-day moving average price is $134.81 and its two-hundred day moving average price is $138.43. 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 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) last posted its quarterly earnings data 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 return on equity of 9.14% and a net margin of 25.23%.The firm had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. During the same period in the prior year, the company earned $2.21 earnings per share. The firm’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 and its Q4 2025 guidance at 2.170-2.290 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is 129.66%.

About Mid-America Apartment Communities

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.