Mid-America Apartment Communities, Inc. $MAA Stock Position Reduced by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 81.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,408 shares of the real estate investment trust’s stock after selling 15,000 shares during the quarter. DAVENPORT & Co LLC’s holdings in Mid-America Apartment Communities were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Mid-America Apartment Communities by 5.1% during 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 purchasing an additional 620 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Mid-America Apartment Communities by 8.6% in the second quarter. J.W. Cole Advisors Inc. now owns 2,890 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 230 shares during the period. Choreo LLC increased its stake in Mid-America Apartment Communities by 12.3% during the second quarter. Choreo LLC now owns 2,946 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 322 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Mid-America Apartment Communities during the second quarter valued at $25,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Mid-America Apartment Communities by 10.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 30,078 shares of the real estate investment trust’s stock worth $4,452,000 after purchasing an additional 2,727 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $121.95 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 32.26 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $169.42. The stock’s fifty day moving average is $131.00 and its two-hundred day moving average is $133.40.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly 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 firm had revenue of $555.56 million for the quarter, compared to analyst estimates of $556.80 million. Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.23 EPS. 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. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $1.53 per share. This represents a $6.12 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, April 15th. Mid-America Apartment Communities’s payout ratio is presently 161.90%.

Analyst Ratings Changes

MAA has been the topic of a number of recent research reports. Evercore reduced their price target on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating on the stock in a research report on Monday, December 15th. Mizuho increased their price objective on shares of Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. 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. KeyCorp cut their target price on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Finally, Morgan Stanley decreased their target price on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average target price of $149.74.

Insider Activity

In other Mid-America Apartment Communities news, EVP Robert J. Delpriore sold 5,426 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the transaction, the executive vice president owned 49,745 shares in the company, valued at approximately $6,876,251.35. This represents a 9.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amber Fairbanks sold 233 shares of the firm’s 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 completion of the sale, the executive vice president owned 3,799 shares in the company, valued at $518,563.50. The trade was a 5.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 6,079 shares of company stock valued at $838,698. 1.30% of the stock is owned by insiders.

Mid-America Apartment Communities 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.