FJ Capital Management LLC Trims Position in Mid-America Apartment Communities, Inc. $MAA

FJ Capital Management LLC lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 30.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,112 shares of the real estate investment trust’s stock after selling 4,762 shares during the period. FJ Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $1,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp increased its position in shares of Mid-America Apartment Communities by 1.6% during the 3rd quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock worth $1,134,520,000 after purchasing an additional 125,130 shares during the last quarter. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth about $750,603,000. Geode Capital Management LLC increased its position in shares of Mid-America Apartment Communities by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock worth $473,977,000 after purchasing an additional 40,028 shares during the last quarter. Viking Global Investors LP acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $369,597,000. Finally, Northern Trust Corp increased its position in shares of Mid-America Apartment Communities by 1.2% during the 3rd quarter. Northern Trust Corp now owns 2,145,203 shares of the real estate investment trust’s stock worth $299,749,000 after purchasing an additional 26,221 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Truist Financial raised their price objective on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen raised Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Morgan Stanley cut their price objective on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. BTIG Research cut their price objective on Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Finally, Scotiabank reissued a “sector underperform” rating and set a $120.00 price objective (down from $138.00) on shares of Mid-America Apartment Communities in a research report on Thursday, May 14th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $144.19.

Insider Transactions at Mid-America Apartment Communities

In related news, Director Tamara D. Fischer acquired 1,100 shares of the stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $128.55 per share, with a total value of $141,405.00. Following the completion of the transaction, the director owned 1,100 shares in the company, valued at $141,405. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Amber Fairbanks sold 711 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $124.73, for a total value of $88,683.03. Following the transaction, the executive vice president directly owned 4,471 shares of the company’s stock, valued at approximately $557,667.83. This represents a 13.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 1,039 shares of company stock valued at $129,594. Corporate insiders own 0.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $138.83 on Friday. Mid-America Apartment Communities, Inc. has a one year low of $120.30 and a one year high of $153.93. The company has a market cap of $16.16 billion, a PE ratio of 42.07 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current ratio of 0.13. The business has a 50-day simple moving average of $129.38 and a 200-day simple moving average of $131.71.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $1.30. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The business had revenue of $553.73 million during the quarter, compared to the consensus estimate of $555.75 million. During the same period in the previous year, the company posted $2.20 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. 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, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.5 EPS for the current fiscal 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 given a dividend of $1.53 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.4%. Mid-America Apartment Communities’s payout ratio is currently 185.45%.

Mid-America Apartment Communities Company 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.