Public Employees Retirement System of Ohio Cuts Position in Mid-America Apartment Communities, Inc. $MAA

Public Employees Retirement System of Ohio decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,037 shares of the real estate investment trust’s stock after selling 26,979 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mid-America Apartment Communities were worth $21,131,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Inceptionr LLC purchased a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth approximately $613,000. Bank of Nova Scotia raised its stake in Mid-America Apartment Communities by 106.3% during the first quarter. Bank of Nova Scotia now owns 39,185 shares of the real estate investment trust’s stock valued at $4,785,000 after buying an additional 20,189 shares during the last quarter. Gibbs Wealth Management bought a new stake in Mid-America Apartment Communities in the first quarter worth $206,000. Coronation Fund Managers Ltd. purchased a new stake in shares of Mid-America Apartment Communities in the first quarter worth $12,517,000. Finally, Prestige Wealth Management Group LLC grew its stake in shares of Mid-America Apartment Communities by 6,420.0% in the first quarter. Prestige Wealth Management Group LLC now owns 1,630 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 1,605 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $133.82 on Friday. Mid-America Apartment Communities, Inc. has a 12-month low of $120.30 and a 12-month high of $152.35. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 40.55 and a beta of 0.74. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $134.76 and a 200 day moving average of $131.86.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $1.30. The firm had revenue of $553.73 million during the quarter, compared to the consensus estimate of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 EPS. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $1.53 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 185.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MAA shares. JPMorgan Chase & Co. started coverage on Mid-America Apartment Communities in a research report on Thursday, July 16th. They issued a “neutral” rating and a $147.00 price target for the company. Morgan Stanley upped their target price on shares of Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Truist Financial upped their price objective on Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, UBS Group reduced their target price on Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.25.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, Director Tamara D. Fischer acquired 1,100 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the purchase, the director owned 1,100 shares in the company, valued at $141,405. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently 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.