Fourth Dimension Wealth LLC Buys New Shares in Mid-America Apartment Communities, Inc. $MAA

Fourth Dimension Wealth LLC bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,083 shares of the real estate investment trust’s stock, valued at approximately $160,000.

Several other institutional investors have also recently made changes to their positions in MAA. Teacher Retirement System of Texas acquired a new position in shares of Mid-America Apartment Communities during the first quarter valued at about $2,863,000. TD Private Client Wealth LLC raised its stake in Mid-America Apartment Communities by 4.5% during the 1st quarter. TD Private Client Wealth LLC now owns 2,759 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 119 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Mid-America Apartment Communities by 16.4% during the first quarter. Crossmark Global Holdings Inc. now owns 6,221 shares of the real estate investment trust’s stock worth $1,043,000 after purchasing an additional 875 shares during the period. Brown Advisory Inc. acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $224,000. Finally, Stratos Wealth Partners LTD. raised its position in shares of Mid-America Apartment Communities by 92.0% during the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock worth $4,715,000 after purchasing an additional 13,482 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $128.50 on Thursday. 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 company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 3.38 and a beta of 0.78. The stock has a 50 day moving average of $137.27 and a 200 day moving average of $146.37. Mid-America Apartment Communities, Inc. has a 12 month low of $125.75 and a 12 month 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). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The business had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. During the same period in the prior year, the business earned $2.21 earnings per share. The company’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. As a group, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share 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. Investors of record on Wednesday, October 15th were issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 4.7%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is 128.39%.

Insider Activity

In related news, CEO H Eric Bolton, Jr. purchased 578 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the purchase, the chief executive officer directly owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAA. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a report on Monday, September 29th. The Goldman Sachs Group lowered shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 target price on the stock. in a report on Friday, July 11th. Royal Bank Of Canada lowered 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 research note on Friday, October 31st. Barclays lowered their price objective on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 30th. Finally, Evercore ISI lowered their price target on Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus 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.