Sumitomo Mitsui Trust Group Inc. Grows Holdings in Mid-America Apartment Communities, Inc. $MAA

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,174 shares of the real estate investment trust’s stock after acquiring an additional 8,901 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Mid-America Apartment Communities were worth $51,445,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new stake in Mid-America Apartment Communities in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Mid-America Apartment Communities in the second quarter worth about $26,000. Sound Income Strategies LLC raised its holdings 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 worth $29,000 after purchasing an additional 175 shares in the last quarter. REAP Financial Group LLC lifted its position in shares of 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 valued at $37,000 after acquiring an additional 162 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $45,000. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Down 0.6%

Shares of MAA opened at $135.42 on Friday. The firm has a market capitalization of $15.85 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.88 and a beta of 0.78. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.87. Mid-America Apartment Communities, Inc. has a 12-month low of $125.75 and a 12-month high of $173.38. The stock’s fifty day simple moving average is $134.45 and its 200-day simple moving average is $138.86.

Mid-America Apartment Communities (NYSE:MAA) last released 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 9.14%. The company had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same period in the previous year, the company posted $2.21 EPS. The company’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. As a group, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a dividend of $1.53 per share. 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 positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 128.39%.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. purchased 578 shares of the stock in a transaction on Friday, October 31st. The shares were purchased at an average cost of $129.36 per share, with a total value of $74,770.08. Following the acquisition, the chief executive officer directly 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 document filed with the SEC, which is accessible through this link. Also, EVP Adrian Hill bought 758 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were purchased at an average cost of $131.83 per share, with a total value of $99,927.14. Following the acquisition, the executive vice president directly owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. This represents a 1.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 6,079 shares of company stock valued at $838,698 in the last ninety days. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group raised their target price on Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Truist Financial cut their price target on shares of 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. Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. BTIG Research restated a “buy” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a report on Friday, December 5th. Finally, Mizuho boosted 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 report on Monday. Nine investment 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’s stock. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average price target 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.