Mid-America Apartment Communities, Inc. $MAA Shares Sold by Carronade Capital Management LP

Carronade Capital Management LP decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 21.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,837 shares of the real estate investment trust’s stock after selling 9,431 shares during the quarter. Mid-America Apartment Communities comprises 0.1% of Carronade Capital Management LP’s investment portfolio, making the stock its 22nd largest holding. Carronade Capital Management LP’s holdings in Mid-America Apartment Communities were worth $4,254,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Weiss Asset Management LP acquired a new position in Mid-America Apartment Communities in the first quarter valued at $278,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Mid-America Apartment Communities by 31.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 5,503 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 1,324 shares during the period. Waverly Advisors LLC grew its holdings in shares of Mid-America Apartment Communities by 25.4% during the first quarter. Waverly Advisors LLC now owns 8,722 shares of the real estate investment trust’s stock worth $1,065,000 after buying an additional 1,764 shares during the last quarter. Entropy Technologies LP acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at about $1,351,000. Finally, Sustainable Insight Capital Management LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at about $708,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Piper Sandler upped their price objective on Mid-America Apartment Communities from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. UBS Group lowered their target price on 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. Barclays upped their price target on Mid-America Apartment Communities from $139.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their price target on Mid-America Apartment Communities from $140.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and an average price target of $145.25.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, Director Tamara D. Fischer acquired 1,100 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average price of $128.55 per share, with a total value of $141,405.00. Following the completion of the acquisition, the director directly owned 1,100 shares of the company’s stock, valued at approximately $141,405. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA opened at $133.82 on Monday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.99. The company has a market cap of $15.57 billion, a P/E ratio of 40.55 and a beta of 0.74. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $152.35. The company has a 50-day moving average price of $134.76 and a 200 day moving average price of $131.82.

Mid-America Apartment Communities (NYSE:MAA) 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 return on equity of 6.61% and a net margin of 17.60%.The company had revenue of $553.73 million for the quarter, compared to analyst estimates of $555.75 million. During the same quarter in the previous year, the company earned $2.20 EPS. The firm’s revenue for the quarter 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. Research 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 firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $1.53 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.6%. Mid-America Apartment Communities’s payout ratio 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.