Mid-America Apartment Communities (NYSE:MAA) EVP Timothy Argo Sells 183 Shares of Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Timothy Argo sold 183 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $124.73, for a total value of $22,825.59. Following the transaction, the executive vice president directly owned 21,382 shares of the company’s stock, valued at $2,666,976.86. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Timothy Argo also recently made the following trade(s):

• On Thursday, January 8th, Timothy Argo sold 53 shares of Mid-America Apartment Communities stock. The stock was sold at an average price of $134.98, for a total value of $7,153.94.
• On Tuesday, January 6th, Timothy Argo sold 58 shares of Mid-America Apartment Communities stock. The stock was sold at an average price of $136.50, for a total value of $7,917.00.

Mid-America Apartment Communities Price Performance

MAA opened at $124.80 on Tuesday. The stock has a 50-day moving average price of $130.13 and a 200-day moving average price of $132.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $14.59 billion, a PE ratio of 33.02 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $169.00.

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 the consensus estimate of $2.22 by ($1.74). The company had revenue of $555.56 million during the quarter, compared to analysts’ expectations of $556.80 million. Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.Mid-America Apartment Communities’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be given a $1.53 dividend. This represents a $6.12 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, April 15th. Mid-America Apartment Communities’s payout ratio is currently 161.90%.

Wall Street Analyst Weigh In

MAA has been the subject of several recent analyst reports. Evercore lowered their price target on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Mizuho lifted their price objective on Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. BTIG Research reduced their price objective on Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 2nd. BMO Capital Markets upgraded Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from $150.00 to $158.00 in a report on Friday, January 9th. Finally, Morgan Stanley reduced their price objective on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $149.74.

Institutional Investors Weigh In On Mid-America Apartment Communities

Large investors have recently made changes to their positions in the company. Appleton Partners Inc. MA bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $915,000. Algebris UK Ltd. bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $14,461,000. Exchange Traded Concepts LLC grew its stake in shares of Mid-America Apartment Communities by 85.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock valued at $4,002,000 after acquiring an additional 13,198 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Mid-America Apartment Communities by 71.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 85,518 shares of the real estate investment trust’s stock valued at $11,949,000 after acquiring an additional 35,740 shares during the period. Finally, Wealthfront Advisers LLC grew its stake in shares of Mid-America Apartment Communities by 42.7% during the 3rd quarter. Wealthfront Advisers LLC now owns 31,122 shares of the real estate investment trust’s stock valued at $4,349,000 after acquiring an additional 9,318 shares during the period. 93.60% of the stock is currently owned by institutional investors.

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.