Inscription Capital LLC Buys New Position in Mid-America Apartment Communities, Inc. $MAA

Inscription Capital LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,689 shares of the real estate investment trust’s stock, valued at approximately $795,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Mid-America Apartment Communities during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Mid-America Apartment Communities during the 2nd quarter worth $26,000. Sound Income Strategies LLC grew its position in Mid-America Apartment Communities by 972.2% during the 2nd 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. REAP Financial Group LLC grew its position in Mid-America Apartment Communities by 184.1% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 162 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Mid-America Apartment Communities in the second quarter valued at $45,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the completion of the transaction, the executive vice president directly owned 3,799 shares of the company’s stock, valued at approximately $518,563.50. The trade was a 5.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robert J. Delpriore sold 5,426 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $138.23, for a total transaction of $750,035.98. Following the completion of the sale, the executive vice president owned 49,745 shares in the company, valued at $6,876,251.35. This represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,079 shares of company stock worth $838,698 over the last three months. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MAA. Mizuho increased their target price on shares of Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. BTIG Research reaffirmed a “buy” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, December 5th. Truist Financial dropped their target price on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Cantor Fitzgerald started coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price target for the company. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $155.37.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $135.41 on Thursday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $134.89 and a 200-day simple moving average of $138.41. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.83 and a beta of 0.78. 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 quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $2.21 EPS. 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. On average, equities analysts forecast 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 declared 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. The ex-dividend date is Thursday, January 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s payout ratio is 129.66%.

Mid-America Apartment Communities Profile

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.