Korea Investment CORP Trims Stock Position in Mid-America Apartment Communities, Inc. $MAA

Korea Investment CORP trimmed its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 42.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,394 shares of the real estate investment trust’s stock after selling 50,573 shares during the period. Korea Investment CORP’s holdings in Mid-America Apartment Communities were worth $9,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAA. Barclays PLC boosted its position in shares of Mid-America Apartment Communities by 56.3% in the third quarter. Barclays PLC now owns 331,632 shares of the real estate investment trust’s stock worth $46,339,000 after acquiring an additional 119,514 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mid-America Apartment Communities by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,694,713 shares of the real estate investment trust’s stock worth $236,798,000 after purchasing an additional 9,197 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in Mid-America Apartment Communities during the third quarter worth approximately $201,000. Rafferty Asset Management LLC raised its stake in Mid-America Apartment Communities by 6.1% during the third quarter. Rafferty Asset Management LLC now owns 15,752 shares of the real estate investment trust’s stock worth $2,201,000 after purchasing an additional 911 shares during the period. Finally, Harvest Portfolios Group Inc. boosted its holdings in shares of Mid-America Apartment Communities by 2.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 15,550 shares of the real estate investment trust’s stock valued at $2,173,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MAA. Morgan Stanley dropped their price objective on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Wells Fargo & Company lowered their price target on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Barclays dropped their price target on Mid-America Apartment Communities from $144.00 to $138.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Mizuho lifted their price objective on Mid-America Apartment Communities from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Finally, Citigroup decreased their target price on Mid-America Apartment Communities from $155.00 to $148.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $150.58.

Mid-America Apartment Communities Trading Down 1.7%

MAA opened at $127.93 on Thursday. The firm’s 50 day moving average is $134.58 and its 200-day moving average is $135.44. Mid-America Apartment Communities, Inc. has a 52-week low of $125.75 and a 52-week high of $169.42. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $14.95 billion, a P/E ratio of 33.84, a P/E/G ratio of 2.17 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The firm had revenue of $555.56 million for the quarter, compared to analyst estimates of $556.80 million. During the same period in the previous year, the business posted $2.23 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up 1.0% on a year-over-year basis. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were given a dividend of $1.53 per share. The ex-dividend date of this dividend was Thursday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.8%. Mid-America Apartment Communities’s dividend payout ratio is presently 161.90%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Adrian Hill purchased 758 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the purchase, the executive vice president owned 48,766 shares in the company, valued at $6,428,821.78. The trade was a 1.58% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the transaction, the executive vice president directly owned 49,745 shares of the company’s stock, valued at $6,876,251.35. This represents a 9.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 6,079 shares of company stock worth $838,698. 1.20% of the stock is currently owned by corporate insiders.

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.