Jennison Associates LLC decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 97.7% during the first quarter, Holdings Channel reports. The institutional investor owned 4,776 shares of the real estate investment trust’s stock after selling 203,708 shares during the period. Jennison Associates LLC’s holdings in Mid-America Apartment Communities were worth $583,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Mid-America Apartment Communities by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock worth $2,149,000 after acquiring an additional 620 shares during the period. EverSource Wealth Advisors LLC raised its stake in Mid-America Apartment Communities by 47.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 299 shares during the period. Baird Financial Group Inc. lifted its holdings in Mid-America Apartment Communities by 7.1% in the 2nd quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust’s stock worth $976,000 after purchasing an additional 437 shares in the last quarter. Walleye Capital LLC purchased a new position in Mid-America Apartment Communities in the 2nd quarter worth approximately $230,000. Finally, Bank of Nova Scotia boosted its stake in Mid-America Apartment Communities by 21.7% in the 2nd quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust’s stock worth $2,300,000 after purchasing an additional 2,771 shares during the period. Institutional investors own 93.60% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reduced their price objective on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. started coverage on shares of Mid-America Apartment Communities in a research note on Thursday, July 16th. They set a “neutral” rating and a $147.00 target price for the company. Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley boosted their price target on shares of Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus price target of $145.25.
Insider Buying and Selling
In other news, Director Tamara D. Fischer acquired 1,100 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $128.55 per share, with a total value of $141,405.00. Following the transaction, the director directly owned 1,100 shares of the company’s stock, valued at $141,405. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.
Mid-America Apartment Communities Stock Performance
NYSE MAA opened at $132.74 on Friday. The business’s 50 day moving average price is $134.60 and its 200-day moving average price is $131.85. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $153.31. The company has a market cap of $15.45 billion, a P/E ratio of 40.23 and a beta of 0.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current ratio of 0.13.
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The business had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. During the same quarter in the previous year, the business posted $2.20 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. 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. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current year.
Mid-America Apartment Communities Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 185.45%.
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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