Pictet Asset Management Holding SA Reduces Stock Position in Mid-America Apartment Communities, Inc. $MAA

Pictet Asset Management Holding SA cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,133 shares of the real estate investment trust’s stock after selling 4,740 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Mid-America Apartment Communities were worth $6,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Mid-America Apartment Communities by 5.1% in the 1st 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 purchasing an additional 620 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 47.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 299 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of 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 buying an additional 437 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Mid-America Apartment Communities in the second quarter worth $230,000. Finally, Bank of Nova Scotia grew its holdings in shares of Mid-America Apartment Communities by 21.7% in the second quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust’s stock worth $2,300,000 after acquiring an additional 2,771 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAA has been the subject of a number of research reports. Cantor Fitzgerald reduced their price objective on Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Jefferies Financial Group raised Mid-America Apartment Communities to a “strong-buy” rating in a research report on Friday, June 26th. Truist Financial upped 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 research report on Wednesday, June 10th. Mizuho upped their price target on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Scotiabank increased their price objective on shares of Mid-America Apartment Communities from $120.00 to $129.00 and gave the stock a “sector underperform” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $144.69.

Insider Activity

In other news, EVP Amber Fairbanks sold 711 shares of Mid-America Apartment Communities 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 transaction, the executive vice president directly owned 4,471 shares of the company’s stock, valued at $557,667.83. The trade was a 13.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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. Also, Director Tamara D. Fischer acquired 1,100 shares of the stock in a transaction dated Thursday, May 21st. The shares were bought at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the transaction, the director owned 1,100 shares in the company, valued at approximately $141,405. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 1,039 shares of company stock worth $129,594 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.1%

Shares of MAA stock opened at $142.10 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 43.06 and a beta of 0.74. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $153.93. The firm has a fifty day moving average price of $132.82 and a 200-day moving average price of $132.07.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $1.30. The company had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.Mid-America Apartment Communities’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm 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, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.5 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed 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 4.3%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 185.45%.

About Mid-America Apartment Communities

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.