Mid-America Apartment Communities, Inc. $MAA Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 94.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398 shares of the real estate investment trust’s stock after selling 6,300 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Mid-America Apartment Communities were worth $59,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $26,000. Larson Financial Group LLC raised its stake in Mid-America Apartment Communities by 107.1% during 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 during the last quarter. Financial Network Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 1st quarter worth approximately $29,000. Sound Income Strategies LLC grew its stake 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 valued at $29,000 after purchasing an additional 175 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at approximately $34,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. acquired 578 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the transaction, the chief executive officer directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MAA has been the topic of a number of analyst reports. Mizuho upgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $161.00 to $150.00 in a research report on Thursday, August 14th. BNP Paribas Exane cut shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Evercore ISI dropped their price target on shares of Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley cut their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Finally, BNP Paribas lowered Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Eight 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $158.44.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $129.56 on Friday. The stock has a fifty day moving average price of $136.60 and a 200 day moving average price of $145.97. The stock 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. 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 0.83, a quick ratio of 0.10 and a current ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results 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 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 period last year, the company posted $2.21 EPS. The firm’s revenue for the quarter 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. Sell-side analysts forecast 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 firm 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. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 128.39%.

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.