Assetmark Inc. Sells 8,619 Shares of Mid-America Apartment Communities, Inc. $MAA

Assetmark Inc. cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 95.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 385 shares of the real estate investment trust’s stock after selling 8,619 shares during the period. Assetmark Inc.’s holdings in Mid-America Apartment Communities were worth $54,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Mid-America Apartment Communities by 5.1% in 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 buying an additional 620 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Mid-America Apartment Communities by 7.6% during the 2nd quarter. D.A. Davidson & CO. now owns 2,692 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 191 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Mid-America Apartment Communities during the second quarter valued at about $26,000. Wealthfront Advisers LLC increased its holdings in shares of Mid-America Apartment Communities by 11.8% in the second quarter. Wealthfront Advisers LLC now owns 21,804 shares of the real estate investment trust’s stock worth $3,227,000 after purchasing an additional 2,297 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Mid-America Apartment Communities by 11.9% in the second quarter. Envestnet Asset Management Inc. now owns 222,446 shares of the real estate investment trust’s stock worth $32,924,000 after buying an additional 23,651 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Up 0.5%

Shares of NYSE MAA opened at $134.03 on Wednesday. Mid-America Apartment Communities, Inc. has a 1 year low of $125.75 and a 1 year high of $173.38. The firm has a 50-day simple moving average of $135.55 and a two-hundred day simple moving average of $135.99. The company has a market cap of $15.67 billion, a P/E ratio of 35.46, a PEG ratio of 2.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $556.80 million. During the same quarter in the previous year, the company posted $2.23 earnings per share. The company’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. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share 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. Stockholders of record on Thursday, January 15th were given a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a dividend yield of 4.6%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date was Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is 161.90%.

Insider Activity

In other news, EVP Amber Fairbanks sold 233 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total value of $31,804.50. Following the transaction, the executive vice president directly owned 3,799 shares in the company, valued at approximately $518,563.50. This represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert J. Delpriore sold 5,426 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $138.23, for a total transaction of $750,035.98. Following the completion of the transaction, the executive vice president directly owned 49,745 shares in the company, valued at $6,876,251.35. This represents a 9.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,079 shares of company stock valued at $838,698. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Monday, December 29th. Citigroup lowered their target price on Mid-America Apartment Communities from $155.00 to $148.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Evercore cut their target price on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a report on Monday, December 15th. Truist Financial decreased their price target on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, Piper Sandler lowered their price objective on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Nine 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, Mid-America Apartment Communities presently 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.