Inceptionr LLC acquired a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,019 shares of the real estate investment trust’s stock, valued at approximately $613,000.
A number of other hedge funds have also modified their holdings of MAA. Norges Bank bought a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $750,603,000. Viking Global Investors LP bought a new stake in Mid-America Apartment Communities in the third quarter valued at $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Mid-America Apartment Communities by 621.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock worth $168,805,000 after acquiring an additional 1,040,525 shares in the last quarter. Millennium Management LLC raised its stake in Mid-America Apartment Communities by 3,129.2% during the fourth quarter. Millennium Management LLC now owns 738,065 shares of the real estate investment trust’s stock worth $102,525,000 after acquiring an additional 715,209 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Mid-America Apartment Communities by 30.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,030,848 shares of the real estate investment trust’s stock valued at $282,105,000 after acquiring an additional 474,989 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Wall Street Zen downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. started coverage on shares of Mid-America Apartment Communities in a report on Thursday, July 16th. They set a “neutral” rating and a $147.00 price objective for the company. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday. Finally, Barclays boosted their target price on Mid-America Apartment Communities from $139.00 to $147.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Eight equities 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $145.25.
Mid-America Apartment Communities Price Performance
Shares of MAA stock opened at $133.82 on Friday. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $152.35. 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’s 50 day moving average is $134.76 and its 200-day moving average is $131.86. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 40.55 and a beta of 0.74.
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping the consensus estimate of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The firm had revenue of $553.73 million during the quarter, compared to analysts’ expectations of $555.75 million. During the same quarter in the previous year, the company posted $2.20 EPS. Mid-America Apartment Communities’s revenue 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. Sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current fiscal year.
Mid-America Apartment Communities Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, July 15th. Mid-America Apartment Communities’s payout ratio is currently 185.45%.
Insider Transactions at Mid-America Apartment Communities
In other Mid-America Apartment Communities news, Director Tamara D. Fischer bought 1,100 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of $128.55 per share, with a total value of $141,405.00. Following the purchase, the director owned 1,100 shares of the company’s stock, valued at $141,405. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.
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.
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