Bank of New York Mellon Corp Has $113.79 Million Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Bank of New York Mellon Corp trimmed its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 768,796 shares of the real estate investment trust’s stock after selling 10,374 shares during the period. Bank of New York Mellon Corp owned about 0.66% of Mid-America Apartment Communities worth $113,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. APG Asset Management US Inc. raised its holdings 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 worth $514,081,000 after acquiring an additional 271,507 shares during the last quarter. Northern Trust Corp boosted its stake in Mid-America Apartment Communities by 4.8% during the 1st quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust’s stock valued at $327,247,000 after purchasing an additional 89,370 shares during the last quarter. Deutsche Bank AG increased its holdings in Mid-America Apartment Communities by 38.3% during the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock worth $284,188,000 after purchasing an additional 469,806 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Mid-America Apartment Communities by 9.5% in 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 during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Mid-America Apartment Communities in the first quarter worth approximately $150,966,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Up 2.0%

MAA stock opened at $129.56 on Friday. The stock has a market cap of $15.17 billion, a P/E 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. The stock’s fifty day simple moving average is $136.60 and its two-hundred day simple moving average is $146.05. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.01). The business had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business 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. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, October 15th. Mid-America Apartment Communities’s payout ratio is presently 128.39%.

Analyst Ratings Changes

Several brokerages recently issued reports on MAA. Wells Fargo & Company lifted their target price on Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, October 13th. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. Mizuho upgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Finally, The Goldman Sachs Group lowered shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price target on the stock. in a research report on Friday, July 11th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned 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.

Insiders Place Their Bets

In related news, CEO H Eric Bolton, Jr. bought 578 shares of the company’s stock in a transaction on Friday, October 31st. The shares were purchased at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

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.