Norges Bank Purchases New Position in Mid-America Apartment Communities, Inc. $MAA

Norges Bank purchased a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 4th quarter, HoldingsChannel reports. The firm purchased 5,403,518 shares of the real estate investment trust’s stock, valued at approximately $750,603,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Mid-America Apartment Communities by 1.6% in 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. Geode Capital Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock worth $473,977,000 after buying an additional 40,028 shares during the last quarter. Viking Global Investors LP acquired a new position in shares of Mid-America Apartment Communities during the third quarter worth approximately $369,597,000. Northern Trust Corp lifted its holdings in shares of Mid-America Apartment Communities by 1.2% during the third quarter. Northern Trust Corp now owns 2,145,203 shares of the real estate investment trust’s stock worth $299,749,000 after buying an additional 26,221 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Mid-America Apartment Communities by 10.0% during the third quarter. Invesco Ltd. now owns 2,019,861 shares of the real estate investment trust’s stock worth $282,235,000 after buying an additional 184,453 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $129.02 on Friday. The business’s 50-day simple moving average is $126.66 and its 200 day simple moving average is $131.37. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 39.10 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a 12-month low of $120.30 and a 12-month high of $156.76. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.99.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $1.30. The business had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $2.20 earnings per share. 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, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 yield of 4.7%. Mid-America Apartment Communities’s dividend payout ratio is presently 185.45%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. KeyCorp cut their target price on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Friday, March 27th. Colliers Securities cut Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 9th. Scotiabank reiterated a “sector underperform” rating and issued a $120.00 price target (down from $138.00) on shares of Mid-America Apartment Communities in a research report on Thursday, May 14th. Finally, Barclays increased their target price on Mid-America Apartment Communities from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.44.

Insider Activity

In related news, Director Tamara D. Fischer bought 1,100 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased 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 represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Amber Fairbanks sold 711 shares of the 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 completion of the transaction, the executive vice president directly owned 4,471 shares in the company, valued at $557,667.83. The trade was a 13.72% decrease in their position. 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. Insiders sold 1,039 shares of company stock worth $129,594 in the last three months. Insiders own 0.60% of the company’s stock.

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.