Harvest Portfolios Group Inc. cut its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 40.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,259 shares of the real estate investment trust’s stock after selling 6,291 shares during the period. Harvest Portfolios Group Inc.’s holdings in Mid-America Apartment Communities were worth $1,286,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its stake in shares of Mid-America Apartment Communities by 65.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 75 shares during the period. Blue Trust Inc. boosted its stake in shares of Mid-America Apartment Communities by 9.6% during the 4th quarter. Blue Trust Inc. now owns 1,041 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 91 shares during the period. Values First Advisors Inc. boosted its stake in shares of Mid-America Apartment Communities by 0.6% during the 4th quarter. Values First Advisors Inc. now owns 15,390 shares of the real estate investment trust’s stock worth $2,138,000 after purchasing an additional 93 shares during the period. Larson Financial Group LLC boosted its stake in shares of Mid-America Apartment Communities by 1.5% during the 4th quarter. Larson Financial Group LLC now owns 7,008 shares of the real estate investment trust’s stock worth $974,000 after purchasing an additional 102 shares during the period. Finally, Profund Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 7.1% during the 3rd quarter. Profund Advisors LLC now owns 1,627 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 108 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Mid-America Apartment Communities
In other news, EVP Amber Fairbanks sold 711 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $124.73, for a total value of $88,683.03. Following the completion of the sale, the executive vice president owned 4,471 shares in the company, valued at approximately $557,667.83. The trade was a 13.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,039 shares of company stock valued at $129,594. Insiders own 0.60% of the company’s stock.
Mid-America Apartment Communities Trading Up 1.3%
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced 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 company had revenue of $553.73 million during the quarter, compared to analyst estimates of $555.75 million. During the same quarter last year, the business posted $2.20 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. 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. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current year.
Mid-America Apartment Communities Announces Dividend
The business also recently disclosed 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. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.7%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 185.45%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on MAA shares. Scotiabank reaffirmed a “sector underperform” rating and set a $120.00 price target (down from $138.00) on shares of Mid-America Apartment Communities in a research note on Thursday, May 14th. Colliers Securities cut shares of Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. Truist Financial decreased their price objective on shares of Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. UBS Group decreased their price objective on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Royal Bank Of Canada decreased their price objective on shares of Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.00.
View Our Latest 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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