ProShare Advisors LLC Boosts Holdings in Mid-America Apartment Communities, Inc. $MAA

ProShare Advisors LLC lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 33,128 shares of the real estate investment trust’s stock after acquiring an additional 2,391 shares during the period. ProShare Advisors LLC’s holdings in Mid-America Apartment Communities were worth $4,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Mid-America Apartment Communities during the second quarter valued at approximately $26,000. Larson Financial Group LLC grew its position in Mid-America Apartment Communities by 107.1% in 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 purchased a new stake in Mid-America Apartment Communities in the first quarter worth $29,000. Sound Income Strategies LLC lifted its position in shares of Mid-America Apartment Communities by 972.2% during the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 175 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Mid-America Apartment Communities during the first quarter valued at $34,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAA. KeyCorp reduced their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Barclays decreased their target price on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. Royal Bank Of Canada dropped their price target on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. BNP Paribas downgraded Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Truist Financial cut their target price on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $156.22.

Mid-America Apartment Communities Stock Up 0.3%

NYSE:MAA opened at $130.92 on Friday. The company’s 50-day simple moving average is $135.26 and its 200-day simple moving average is $145.06. 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, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $173.38. The stock has a market capitalization of $15.33 billion, a P/E ratio of 27.74, a P/E/G ratio of 3.38 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The firm 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 was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 EPS. 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. On average, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $1.515 per share. This is a positive change 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 annualized dividend and a yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 128.39%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. purchased 578 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $129.36 per share, with a total value of $74,770.08. Following the completion of the acquisition, the chief executive officer 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 filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities 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.