TT Capital Management LLC Buys 7,405 Shares of Mid-America Apartment Communities, Inc. $MAA

TT Capital Management LLC increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 86.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,015 shares of the real estate investment trust’s stock after acquiring an additional 7,405 shares during the quarter. Mid-America Apartment Communities comprises about 1.8% of TT Capital Management LLC’s portfolio, making the stock its 16th largest holding. TT Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $2,225,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Mid-America Apartment Communities by 5.1% during 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 last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Mid-America Apartment Communities by 47.6% during the second quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 299 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Mid-America Apartment Communities by 7.1% during the second quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust’s stock worth $976,000 after acquiring an additional 437 shares during the last quarter. Walleye Capital LLC purchased a new stake in Mid-America Apartment Communities during the second quarter valued at $230,000. Finally, Bank of Nova Scotia raised its stake in Mid-America Apartment Communities by 21.7% during the second quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust’s stock valued at $2,300,000 after purchasing an additional 2,771 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MAA. Cantor Fitzgerald decreased their price target on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Barclays upped their price target on shares of Mid-America Apartment Communities from $137.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Truist Financial decreased their price target on shares of Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. BTIG Research decreased their price target on shares of Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, UBS Group decreased their price target on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.44.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, Director Tamara D. Fischer bought 1,100 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of $128.55 per share, with a total value of $141,405.00. Following the completion of the purchase, the director owned 1,100 shares in the company, valued at $141,405. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Amber Fairbanks sold 711 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $124.73, for a total transaction of $88,683.03. Following the completion of the transaction, the executive vice president directly owned 4,471 shares in the company, valued at $557,667.83. This represents a 13.72% decrease in their position. The SEC filing for this sale provides additional information. 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 sold 1,039 shares of company stock worth $129,594. Insiders own 0.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 3.3%

Shares of MAA opened at $136.94 on Friday. Mid-America Apartment Communities, Inc. has a twelve month low of $120.30 and a twelve month high of $153.93. The company has a market cap of $15.94 billion, a P/E ratio of 41.50 and a beta of 0.76. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $127.39 and its 200-day simple moving average is $131.40.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $555.75 million. During the same quarter in the prior year, the firm posted $2.20 earnings per share. The business’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. As a group, analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $1.53 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio is currently 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.