Orion Porfolio Solutions LLC Purchases 8,932 Shares of Mid-America Apartment Communities, Inc. $MAA

by · The Cerbat Gem

Orion Porfolio Solutions LLC lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 34.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,018 shares of the real estate investment trust’s stock after purchasing an additional 8,932 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Mid-America Apartment Communities were worth $5,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MAA. Smartleaf Asset Management LLC raised its stake in Mid-America Apartment Communities by 6.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 65 shares during the period. Ables Iannone Moore & Associates Inc. increased its holdings in shares of Mid-America Apartment Communities by 2.7% in the second quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust’s stock worth $397,000 after acquiring an additional 70 shares in the last quarter. Horizon Investments LLC raised its position in shares of Mid-America Apartment Communities by 5.0% during the first quarter. Horizon Investments LLC now owns 1,693 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 81 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Mid-America Apartment Communities by 1.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,518 shares of the real estate investment trust’s stock valued at $669,000 after purchasing an additional 84 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Mid-America Apartment Communities by 2.8% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,400 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.4%

Shares of MAA stock opened at $133.21 on Wednesday. The firm’s fifty day moving average price is $132.13 and its two-hundred day moving average price is $140.70. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.87. Mid-America Apartment Communities, Inc. has a 1 year low of $125.75 and a 1 year high of $173.38. The firm has a market capitalization of $15.60 billion, a P/E ratio of 28.22, a PEG ratio of 3.78 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last posted its quarterly earnings data 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 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 quarterly revenue was up .6% on a year-over-year basis. 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. On average, 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 was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given 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 of this dividend was Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities’s payout ratio is presently 128.39%.

Analyst Ratings Changes

MAA has been the topic of several research analyst reports. Truist Financial dropped 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 report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Monday. Cantor Fitzgerald initiated coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective on the stock. BNP Paribas lowered shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and a consensus target price of $154.89.

View Our Latest Research Report on Mid-America Apartment Communities

Insider Buying and Selling

In related news, EVP Adrian Hill acquired 758 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was bought at an average price of $131.83 per share, with a total value of $99,927.14. Following the acquisition, the executive vice president owned 48,766 shares in the company, valued at $6,428,821.78. This represents a 1.58% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Eric Bolton, Jr. bought 578 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the completion of the acquisition, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. The trade was a 0.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Profile

(Free Report)

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.

See Also

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