QRG Capital Management Inc. decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 26.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,031 shares of the real estate investment trust’s stock after selling 6,211 shares during the period. QRG Capital Management Inc.’s holdings in Mid-America Apartment Communities were worth $2,080,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its position in Mid-America Apartment Communities by 65.2% during the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Nalls Sherbakoff Group LLC purchased a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $32,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $33,000. Root Financial Partners LLC increased its position in shares of Mid-America Apartment Communities by 3,100.0% during the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 279 shares during the last quarter. Finally, Hurley Capital LLC increased its position in shares of Mid-America Apartment Communities by 70.4% during the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Insider Activity at Mid-America Apartment Communities
In related news, Director Tamara D. Fischer purchased 1,100 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, May 21st. The stock was purchased at an average cost of $128.55 per share, with a total value of $141,405.00. Following the transaction, the director owned 1,100 shares in the company, valued at approximately $141,405. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.
Mid-America Apartment Communities Stock Up 2.6%
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping the consensus estimate of $0.83 by $1.30. The firm had revenue of $553.73 million during the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 EPS. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. As a group, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.5 EPS for the current fiscal year.
Mid-America Apartment Communities Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $1.53 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.2%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 185.45%.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 24th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a “strong-buy” rating in a report on Friday, June 26th. Scotiabank upped their target price on Mid-America Apartment Communities from $120.00 to $129.00 and gave the company a “sector underperform” rating in a research note on Thursday, June 18th. Truist Financial lifted their target price on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.69.
Get Our Latest Stock Report on Mid-America Apartment Communities
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.
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