Sterling Capital Management LLC Reduces Holdings in Mid-America Apartment Communities, Inc. $MAA

Sterling Capital Management LLC lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 15.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 23,557 shares of the real estate investment trust’s stock after selling 4,233 shares during the quarter. Sterling Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $2,877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAA. Quinn Opportunity Partners LLC increased its position in shares of Mid-America Apartment Communities by 97.5% during the third quarter. Quinn Opportunity Partners LLC now owns 199,500 shares of the real estate investment trust’s stock worth $27,876,000 after acquiring an additional 98,500 shares during the last quarter. Algebris UK Ltd. boosted its holdings in Mid-America Apartment Communities by 27.5% in the fourth quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock valued at $18,358,000 after purchasing an additional 28,528 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Mid-America Apartment Communities by 29.5% during the 4th quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock valued at $34,281,000 after purchasing an additional 56,224 shares in the last quarter. CWM LLC increased its holdings in Mid-America Apartment Communities by 17.3% during the 4th quarter. CWM LLC now owns 132,440 shares of the real estate investment trust’s stock worth $18,397,000 after purchasing an additional 19,512 shares during the last quarter. Finally, Symmetry Partners LLC purchased a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $1,126,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Mizuho upped their price target on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Scotiabank increased their price objective on shares of Mid-America Apartment Communities from $120.00 to $129.00 and gave the company a “sector underperform” rating in a research note on Thursday, June 18th. Finally, UBS Group decreased their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $144.69.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 711 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $124.73, for a total value of $88,683.03. Following the transaction, the executive vice president owned 4,471 shares of the company’s stock, valued at $557,667.83. This trade represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, Director Tamara D. Fischer bought 1,100 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $128.55 per share, with a total value of $141,405.00. Following the completion of 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 SEC filing for this purchase provides additional information. Insiders have sold 1,039 shares of company stock worth $129,594 over the last three months. 0.60% of the stock is owned by corporate insiders.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $140.84 on Monday. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 42.68 and a beta of 0.76. The stock has a 50 day moving average of $131.35 and a 200-day moving average of $131.76. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $153.93.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $1.30. The business had revenue of $553.73 million during the quarter, compared to the consensus estimate of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.5 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is 185.45%.

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.