Massachusetts Financial Services Co. MA Has $288.94 Million Holdings in Mid-America Apartment Communities, Inc. $MAA

Massachusetts Financial Services Co. MA decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,067,852 shares of the real estate investment trust’s stock after selling 141,178 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.77% of Mid-America Apartment Communities worth $288,941,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Mid-America Apartment Communities in the 2nd quarter valued at $795,893,000. Daiwa Securities Group Inc. lifted its holdings in shares of Mid-America Apartment Communities by 461.9% during the second quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock worth $106,777,000 after buying an additional 593,020 shares in the last quarter. Invesco Ltd. boosted its position in shares of Mid-America Apartment Communities by 30.6% in the second quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust’s stock valued at $271,659,000 after acquiring an additional 430,398 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $54,314,000. Finally, First Trust Advisors LP grew its stake in shares of Mid-America Apartment Communities by 416.5% in the second quarter. First Trust Advisors LP now owns 317,163 shares of the real estate investment trust’s stock valued at $46,943,000 after acquiring an additional 255,758 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Robert J. Delpriore sold 5,426 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $138.23, for a total transaction of $750,035.98. Following the sale, the executive vice president owned 49,745 shares of the company’s stock, valued at approximately $6,876,251.35. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO H Eric Bolton, Jr. purchased 578 shares of the stock in a transaction dated Friday, October 31st. The shares were bought 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 directly owned 320,391 shares of the company’s stock, valued at approximately $41,445,779.76. This represents a 0.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 6,079 shares of company stock valued at $838,698. Company insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Trading Up 1.2%

Shares of MAA stock opened at $137.06 on Monday. 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’s fifty day moving average price is $134.60 and its two-hundred day moving average price is $138.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market cap of $16.05 billion, a PE ratio of 29.04, a P/E/G ratio of 3.90 and a beta of 0.78.

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 the consensus estimate of $2.17 by ($0.01). The business had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.Mid-America Apartment Communities’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 earnings per share. 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. Equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal 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 paid a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Thursday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s dividend payout ratio is 129.66%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of 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. Piper Sandler dropped their price target on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Monday, December 29th. UBS Group raised their price objective on Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, BMO Capital Markets upgraded Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and upped their target price for the company from $150.00 to $158.00 in a research report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and a consensus target price of $155.37.

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.