Insider Selling: Mid-America Apartment Communities (NYSE:MAA) EVP Sells $31,804.50 in Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total value of $31,804.50. Following the sale, the executive vice president directly owned 3,799 shares in the company, valued at $518,563.50. This trade represents a 5.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Amber Fairbanks also recently made the following trade(s):

• On Thursday, January 8th, Amber Fairbanks sold 185 shares of Mid-America Apartment Communities stock. The stock was sold at an average price of $134.98, for a total value of $24,971.30.

Mid-America Apartment Communities Trading Up 2.7%

Shares of MAA opened at $138.57 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.06 and a quick ratio of 0.06. 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 50 day simple moving average of $133.74 and a two-hundred day simple moving average of $139.31. The firm has a market cap of $16.22 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 3.84 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.The company had revenue of $554.37 million during the quarter, compared to analysts’ expectations of $557.22 million. During the same period last year, the firm posted $2.21 EPS. Mid-America Apartment Communities’s quarterly revenue 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 and its Q4 2025 guidance at 2.170-2.290 EPS. On average, equities analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $1.53 per share. The ex-dividend date is Thursday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.4%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 128.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MAA shares. Morgan Stanley decreased their target price on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Piper Sandler decreased their price objective on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. BTIG Research reiterated a “buy” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, December 5th. Scotiabank lowered shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $146.00 to $142.00 in a report on Friday, December 5th. Finally, BNP Paribas cut shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $155.00.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently bought and sold shares of MAA. Norges Bank purchased a new position in Mid-America Apartment Communities during the second quarter valued at approximately $795,893,000. Allworth Financial LP boosted its position in Mid-America Apartment Communities by 33.1% during the 2nd quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock valued at $4,457,000 after acquiring an additional 7,481 shares in the last quarter. Barings LLC bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $2,268,000. Exchange Traded Concepts LLC increased its holdings in shares of Mid-America Apartment Communities by 85.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock valued at $4,002,000 after acquiring an additional 13,198 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $5,156,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.