Rhumbline Advisers Sells 12,289 Shares of Mid-America Apartment Communities, Inc. $MAA

Rhumbline Advisers trimmed its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,737 shares of the real estate investment trust’s stock after selling 12,289 shares during the period. Rhumbline Advisers’ holdings in Mid-America Apartment Communities were worth $34,337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Mid-America Apartment Communities by 0.5% during the second quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust’s stock valued at $2,744,110,000 after buying an additional 101,397 shares during the last quarter. State Street Corp raised its stake in shares of Mid-America Apartment Communities by 2.0% during the 2nd quarter. State Street Corp now owns 7,994,245 shares of the real estate investment trust’s stock worth $1,183,228,000 after acquiring an additional 159,278 shares in the last quarter. Norges Bank purchased a new stake in Mid-America Apartment Communities during the second quarter valued at approximately $795,893,000. Geode Capital Management LLC boosted its stake in Mid-America Apartment Communities by 1.7% in the second quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust’s stock valued at $488,867,000 after acquiring an additional 54,063 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Mid-America Apartment Communities by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,209,030 shares of the real estate investment trust’s stock worth $326,959,000 after purchasing an additional 17,074 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Up 1.6%

Mid-America Apartment Communities stock opened at $135.56 on Friday. The stock has a 50-day moving average price of $135.21 and a 200 day moving average price of $136.40. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.24 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 52 week low of $125.75 and a 52 week high of $173.38. The company has a quick ratio of 0.06, a current ratio of 0.10 and a debt-to-equity ratio of 0.93.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The business had revenue of $555.56 million for the quarter, compared to analysts’ expectations of $556.80 million. During the same period in the prior year, the business posted $2.23 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. 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. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were given a dividend of $1.53 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Thursday, January 15th. Mid-America Apartment Communities’s payout ratio is presently 161.90%.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 233 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total value of $31,804.50. Following the completion of the transaction, the executive vice president owned 3,799 shares of the company’s stock, valued at $518,563.50. The trade was a 5.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert J. Delpriore sold 5,426 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the sale, the executive vice president owned 49,745 shares in the company, valued at $6,876,251.35. The trade was a 9.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,079 shares of company stock valued at $838,698. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MAA has been the subject of a number of recent analyst reports. Barclays lowered their price objective on Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Piper Sandler lowered their price target on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. BTIG Research restated a “buy” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, December 5th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, Scotiabank cut shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $146.00 to $142.00 in a research note on Friday, December 5th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus target price of $153.55.

Mid-America Apartment Communities Company 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.