Centersquare Investment Management LLC grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 43.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,050 shares of the real estate investment trust’s stock after purchasing an additional 53,900 shares during the quarter. Centersquare Investment Management LLC owned approximately 0.15% of Mid-America Apartment Communities worth $24,879,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of MAA. Tokio Marine Asset Management Co. Ltd. raised its stake in Mid-America Apartment Communities by 1.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,600 shares of the real estate investment trust’s stock valued at $643,000 after buying an additional 83 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Mid-America Apartment Communities by 1.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,518 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 84 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Mid-America Apartment Communities by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 35,399 shares of the real estate investment trust’s stock valued at $5,239,000 after acquiring an additional 100 shares during the last quarter. Profund Advisors LLC raised its position in shares of Mid-America Apartment Communities by 7.1% during the 3rd quarter. Profund Advisors LLC now owns 1,627 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 108 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Mid-America Apartment Communities by 4.0% during the third quarter. Signaturefd LLC now owns 2,825 shares of the real estate investment trust’s stock worth $395,000 after purchasing an additional 109 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MAA has been the subject of several recent research reports. KeyCorp lowered their target price on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Royal Bank Of Canada lowered their price objective on shares of Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Cantor Fitzgerald increased their price objective on shares of Mid-America Apartment Communities from $137.00 to $141.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Evercore cut their target price on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating on the stock in a report on Monday, December 15th. Finally, Colliers Securities lowered Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a report on Monday, February 9th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $153.55.
Insiders Place Their Bets
In other Mid-America Apartment Communities news, EVP Adrian Hill purchased 758 shares of Mid-America Apartment Communities stock in a transaction on Friday, December 12th. The stock was bought at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the transaction, the executive vice president owned 48,766 shares of the company’s stock, valued at $6,428,821.78. The trade was a 1.58% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert J. Delpriore sold 5,426 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $138.23, for a total value of $750,035.98. Following the transaction, the executive vice president directly owned 49,745 shares in the company, valued at $6,876,251.35. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,079 shares of company stock worth $838,698. 1.20% of the stock is owned by company insiders.
Mid-America Apartment Communities Trading Down 0.0%
Shares of NYSE:MAA opened at $134.07 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $135.50 and its 200 day moving average price is $135.98. The company has a market cap of $15.67 billion, a PE ratio of 35.47, a P/E/G ratio of 2.22 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $173.38.
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $2.22 by ($1.74). Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.23 earnings per share. 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 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. Shareholders of record on Thursday, January 15th were paid a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 161.90%.
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.
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