Nations Financial Group Inc. IA ADV Invests $507,000 in Mid-America Apartment Communities, Inc. (NYSE:MAA)

February 26, 2023

Mid-America Apartment Communities, INC (NYSE: MAA), the target of a recent purchase by Nations Financial Group, INC (IA ADV), was the target of the acquisition, as stated in the most recent 13F filing that the company made with the SEC.

To purchase 3,268 shares in the real estate investment trust, the fund forked over approximately 507,000 dollars in total expenditures.

Certain hedge funds have begun utilizing new strategies in their industry strategy throughout the past few months. FMR LLC grew its holdings in Mid-America Apartment Communities by 0.9% over the second quarter.

The company now has 4,706,608 shares of the real estate investment trust, valued at $822,103,000. FMR LLC purchased an additional 44,034 shares during the relevant period.

During the second quarter, JPMorgan Chase & Co increased the total amount of money it had invested in Mid-America Apartment Communities by 12.4%. Following purchasing 339,226 additional shares during the most recent fiscal quarter, JPMorgan Chase & Co now owns 3,074,555 shares of the real estate investment trust, with an estimated market value of $537,034,000.

These shares were added to the company’s holdings.

The Massachusetts Financial Services Co, MA, increased the percentage of ownership in Mid-America Apartment Communities by 11.1% during the second quarter. Following the acquisition of an additional 177,596 shares during the most recent quarter, Massachusetts Financial Services Co, MA, now owns 1,782,027 of the real estate investment trust’s shares, which have a value of $311,266,000.

This brings the company’s total number of shares to 1,782,027.

Daiwa Securities Group INC increased the percentage of ownership it held in Mid-America Apartment Communities by 21.8% during the third quarter.

Daiwa Securities Group INC now has 1,718,825 shares of the real estate investment trust’s stock after purchasing an additional 308,043 shares during the period in question.

This gives the company a market value of $266,538,000 after considering the company’s current number of outstanding shares of stock.

Last but certainly not least, the news is that Legal & General Group Plc increased its holdings in Mid-America Apartment Communities by 2.4% during the second quarter.

This is not to say this is the least important news. Following acquiring an additional 38,425 shares during the preceding quarter, Legal & General Group Plc now has 1,638,720 shares of the real estate investment trust.

These shares are collectively worth a total of $286,236,000 to the company.

Institutional investors and hedge funds currently own 91.20 percent of the company’s stock between them.
On Friday, the NYSE MAA began trading at an opening price of $165.37 per share.

During the last year and a half, Mid-America Apartment Communities, INC prices have ranged anywhere from $141.13 to $217.64.

The company’s price is currently trading at $162.18, which is higher than its fifty-day and two-hundred-day simple moving averages, which are both set at $162.16.

The stock has a price-to-earnings ratio of 30.12, a price-to-growth ratio of 8.99, and a beta value of 0.78.

These are the ratios calculated using the stock’s value.

The company’s stock on the market is estimated to be $19.28 billion.

The debt-to-equity ratio is calculated to be 0.71, the current ratio is calculated to be 0.10, and the quick ratio is also calculated to be 0.10.

On February 2, the results of Mid-America Apartment Communities’ most recent quarterly financial report were made public.

The company’s stock symbol on the New York Stock Exchange is MAA.

The real estate investment trust (REIT) reported earnings per share for the quarter to be $1.67, which was $0.61 less than the consensus estimate of $2.28 from industry experts.

The company’s sales for the quarter came in at $527.97 million, significantly lower than the consensus projection of $529.90 million made for the company’s sales.

Mid-America Apartment Communities achieved a net margin of 31.51% and an equity return rate of 10.72% during their business operations. Compared to the same period in the previous year, Mid-America Apartment Communities saw a 13.9% increase in the amount of revenue it brought in during the third quarter of this year.

The same period the year before resulted in the company generating earnings per share of $1.90.

According to forecasts from analysts covering the real estate sector, Mid-America Apartment Communities, INC is anticipated to record earnings of $9.17 per share during the current financial year.

In addition, the business recently announced and paid out a quarterly dividend, which was done on the 31st of this particular month.

The dividend was paid out. On Friday, January 13, dividend payments to shareholders already accounted for in the company’s books were made at $1.40 per share.

The dividend paid by Mid-America Apartment Communities has remained unchanged from its previous amount of $1.25 per quarter and is now being paid at that same rate.

This dividend’s ex-dividend date was on January 12, a Thursday and the day after the first of the month.

This results in a yield of 3.39 percent and an annual dividend payment of 5.60 dollars.

The dividend payout ratio for Mid-America Apartment Communities has been established at 102.00 percent at this time.

Research analysts from various institutions have each published their unique study on the MAA stock. Royal Bank of Canada lowered its price target for Mid-America Apartment Communities on Friday, October 28, from $177.00 to $170.00 in a research report released that day.

The report also assigned a “sector perform” rating to the company’s stock.

Mizuho increased their price objective on Mid-America Apartment Communities from $175.00 to $176.00 and categorized the stock as “neutral” in a research analysis published on Thursday.

The findings of the study were published.

Truist Financial had previously given Mid-America Apartment Communities a “buy” rating; however, on Tuesday, January 17, the same company changed that rating to a “hold” rating.

In addition, they lowered the price objective they had set for the stock, which had previously been set at $176.00, to $167.00. Credit Suisse Group changed their recommendation for the stock of Mid-America Apartment Communities from “outperform” to “neutral,” and their new price target for the company is $160.00. On Monday, January 9, an analysis note was published and made available to the public. Wolfe Research published a research note on Tuesday, November 22, announcing that it would begin covering shares of Mid-America Apartment Communities.

They gave the stock a “market perform” rating for its performance. Seven different financial analysts have given the company buys recommendations; six different analysts have given hold recommendations; and just one analyst has given a sell recommendation.

According to information obtained from, the company is currently regarded as having a consensus recommendation of “Hold,” with an average price target of $181.31 projected for the stock shortly.

The announcement that director Monica Houle McGurk had sold 921 shares of the company’s stock was one of the other pieces of news published on Thursday, December 15.

The price for each share was determined to be an average of $162.01, which resulted in a total sale volume of 149,211.21 dollars worth of the stock being traded. Following the completion of the transaction, the director will have a total of 835 shares of the company, each of which will have a value of approximately $135,278.35.

The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC.

Another piece of information about Mid-America Apartment Communities is that on December 15, director Monica Houle McGurk sold 921 shares.

This brings us to the next piece of information.

The total number of shares sold was equal to $149,211.21, and the average price paid for each share was equal to $162.01. Following the completion of the sale, the director will have 835 shares in the company; the value of these shares, based on the company’s most recent closing price, is approximately $135,278.35. Because of the filing made with the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file.
Additionally, Chief Executive Officer H. Eric Bolton, Jr. sold 975 shares of company stock on Friday, January 6.

The stock was acquired for a total of $150,003.75 at a price that came out to an average of $153.85.

As a direct consequence of the transaction, the Chief Executive Officer now holds direct ownership of 287,141 company shares, which have a combined value of approximately $44,176,642.85.

The disclosure about the purchase can be found in this particular location.

In the preceding quarter and a half, company insiders sold 3,383 shares of company stock for $528,613, which was received in cash.

The company’s management and employees collectively own 1.34% of the company’s total shares of stock.

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