4,721 Mid-America Apartment Communities, Inc. $MAA Shares Bought by Lincoln Capital Corp

Lincoln Capital Corp boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 63.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,107 shares of the real estate investment trust’s stock after buying an additional 4,721 shares during the quarter. Lincoln Capital Corp’s holdings in Mid-America Apartment Communities were worth $1,425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steel Grove Capital Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 27.0% in the third quarter. Steel Grove Capital Advisors LLC now owns 6,397 shares of the real estate investment trust’s stock worth $753,000 after buying an additional 1,359 shares during the last quarter. Pacifica Partners Inc. boosted its position in shares of Mid-America Apartment Communities by 34.4% in the third quarter. Pacifica Partners Inc. now owns 15,550 shares of the real estate investment trust’s stock valued at $1,810,000 after acquiring an additional 3,981 shares during the period. Elevation Wealth Partners LLC raised its stake in Mid-America Apartment Communities by 87.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 376 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 175 shares during the last quarter. Ables Iannone Moore & Associates Inc. boosted its holdings in Mid-America Apartment Communities by 27.6% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 8,153 shares of the real estate investment trust’s stock valued at $960,000 after purchasing an additional 1,761 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Mid-America Apartment Communities by 11.8% in the 2nd quarter. QRG Capital Management Inc. now owns 19,034 shares of the real estate investment trust’s stock valued at $2,645,000 after purchasing an additional 2,003 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MAA. Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Piper Sandler lowered their target price on shares of Mid-America Apartment Communities from $140.00 to $121.00 and set a “neutral” rating on the stock in a research note on Monday. Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. Finally, Weiss Ratings lowered Mid-America Apartment Communities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $140.56.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded down $0.13 during midday trading on Tuesday, reaching $116.40. The company had a trading volume of 674,617 shares, compared to its average volume of 1,015,115. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 34.03 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 1-year low of $113.95 and a 1-year high of $144.41. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $125.54 and a 200 day simple moving average of $129.32.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 earnings per share. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a $1.53 dividend. This represents a $6.12 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 178.95%.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.