First Trust Advisors LP Reduces Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

First Trust Advisors LP lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 284,158 shares of the real estate investment trust’s stock after selling 33,005 shares during the quarter. First Trust Advisors LP owned 0.24% of Mid-America Apartment Communities worth $39,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in Mid-America Apartment Communities during the second quarter worth $795,893,000. Daiwa Securities Group Inc. raised its stake in shares of Mid-America Apartment Communities by 461.9% in the second quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock valued at $106,777,000 after acquiring an additional 593,020 shares during the period. Invesco Ltd. lifted its holdings in shares of Mid-America Apartment Communities by 30.6% in the 2nd quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust’s stock worth $271,659,000 after acquiring an additional 430,398 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth about $54,314,000. Finally, State Street Corp boosted 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 purchasing an additional 159,278 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total transaction of $31,804.50. Following the transaction, the executive vice president directly owned 3,799 shares of the company’s stock, valued at $518,563.50. This trade represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert J. Delpriore sold 5,426 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the sale, the executive vice president owned 49,745 shares of the company’s stock, valued at approximately $6,876,251.35. This represents a 9.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,079 shares of company stock worth $838,698. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. KeyCorp reduced their price objective on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Royal Bank Of Canada cut their target price on Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating on the stock in a research note on Friday, February 6th. UBS Group increased their price target on Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. Finally, Truist Financial dropped their price objective on Mid-America Apartment Communities from $146.00 to $142.00 and set a “buy” rating for the company in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $150.58.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $127.80 on Friday. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $169.42. The business has a 50-day moving average price of $134.36 and a 200 day moving average price of $135.38. The company has a market capitalization of $14.94 billion, a P/E ratio of 33.81, a PEG ratio of 2.13 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 earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($1.74). The business had revenue of $555.56 million for the quarter, compared to the consensus estimate of $556.80 million. Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were paid 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 dividend yield of 4.8%. The ex-dividend date was Thursday, January 15th. Mid-America Apartment Communities’s payout ratio is 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.