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In recent transactions disclosed by Mid America Apartment Communities Inc. (NYSE:MAA), Timothy Argo, the Executive Vice President and Chief Strategy & Analysis Officer, executed several stock transactions. On April 1, 2025, Argo disposed of 153 shares at a price of $167.48 per share to cover tax obligations related to restricted stock vesting, totaling $25,624. Additionally, he acquired 1,185 shares without monetary consideration on the same day, as part of a stock plan.
On April 3, 2025, Argo sold 94 shares at a price of $166.24 per share, resulting in proceeds of $15,626. This sale was conducted under a pre-established 10b5-1 trading plan, also intended to meet tax obligations from previous restricted stock vesting. Following these transactions, Argo holds 17,739.7169 shares directly, with additional shares held indirectly through an ESOP and an IRA.
In other recent news, Mid-America Apartment Communities (MAA) reported its fourth-quarter 2024 earnings, with a notable earnings per share (EPS) of $1.42, surpassing the forecasted $1.02. However, the company’s revenue slightly missed expectations, coming in at $549.83 million compared to the projected $551.7 million. Jefferies upgraded MAA’s stock rating from Hold to Buy, setting a new price target of $190, reflecting a positive outlook on the company’s strategic positioning in the Sunbelt markets. Meanwhile, Truist Securities downgraded MAA from Buy to Hold, citing concerns over potential challenges in the Metro Washington DC area and anticipating less-than-average growth over the next few years.
JMP Securities maintained its Market Outperform rating on MAA with a price target of $160, noting the company’s promising lease rate growth and strong balance sheet. The firm highlighted a potential total return of 5.8% for investors, combining capital appreciation and yield. MAA’s exposure to Sunbelt markets, where supply growth is expected to moderate, positions the company favorably according to Jefferies. Truist, however, expressed caution due to job market fluctuations and potential demand challenges in multifamily markets.
These recent developments indicate a mixed sentiment among analysts regarding MAA’s future performance, with some highlighting strategic advantages while others point to potential regional challenges.
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