Mid America Apartment Communities EVP sells $2,848 in stock

Mid America Apartment Communities Inc. (NYSE:MAA) recently saw a stock transaction involving its Executive Vice President and Chief Financial Officer, Aubrey Clay Holder. According to a recent SEC filing, Holder sold 19 shares of the company's common stock on April 7, 2025, through an open market sale. The shares were sold at a price of $149.93 each, totaling approximately $2,848. The transaction comes as MAA's stock has experienced an 8.65% decline over the past week, with InvestingPro analysis indicating the stock is currently trading near its Fair Value.

This transaction was part of a pre-established 10b5-1 plan, which allows insiders to set up a predetermined schedule for selling stocks to avoid any potential accusations of insider trading. The sale was conducted to meet additional tax obligations related to the vesting of shares from a prior restricted stock plan.

Earlier in the month, on April 3, Holder disposed of 25 shares at a price of $163.64 each, totaling $4,090. This earlier transaction was primarily to cover taxes related to the vesting of shares earned under a previous restricted stock plan.

Following these transactions, Holder now owns 8,520 shares of Mid America Apartment Communities.

In other recent news, Mid-America Apartment Communities reported its fourth-quarter 2024 earnings, revealing a significant earnings per share (EPS) beat with actual EPS of $1.42, surpassing the forecast of $1.02. However, revenue slightly missed expectations, coming in at $549.83 million compared to the anticipated $551.7 million. Jefferies analyst Linda Tsai upgraded the company's stock from Hold to Buy, raising the price target from $148 to $190, citing the company's strong presence in Sunbelt markets and potential benefits from a moderation in supply growth. On the other hand, Truist Securities downgraded the stock from Buy to Hold, expressing concerns over less-than-average growth projections and potential challenges due to job losses in the Metro Washington DC area, which makes up 15% of the company's portfolio.

JMP Securities maintained its Market Outperform rating with a price target of $160, highlighting promising new lease rate growth expected to continue until at least 2027. The firm also noted robust supply and demand fundamentals alongside a strong balance sheet as reasons for their positive outlook. Despite the mixed analyst ratings, Mid-America Apartment Communities demonstrated robust financial performance with a full-year 2024 Core FFO of $8.88 per share and set its 2025 Core FFO guidance between $8.61 and $8.93. These recent developments indicate a dynamic landscape for Mid-America Apartment Communities as it navigates various market conditions and strategic initiatives.

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