Tobam Buys 4,979 Shares of Mid-America Apartment Communities, Inc. $MAA

Tobam lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2,676.9% during the fourth quarter, Holdings Channel reports. The fund owned 5,165 shares of the real estate investment trust’s stock after buying an additional 4,979 shares during the quarter. Tobam’s holdings in Mid-America Apartment Communities were worth $717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in Mid-America Apartment Communities by 1.6% in the third 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 period. Norges Bank bought a new stake in Mid-America Apartment Communities in the fourth quarter valued at $750,603,000. Viking Global Investors LP raised its holdings in shares of Mid-America Apartment Communities by 46.7% during the fourth quarter. Viking Global Investors LP now owns 3,880,048 shares of the real estate investment trust’s stock valued at $538,977,000 after purchasing an additional 1,234,966 shares during the period. Geode Capital Management LLC raised 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 valued at $473,977,000 after purchasing an additional 40,028 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Mid-America Apartment Communities by 6.7% during the 4th quarter. Invesco Ltd. now owns 2,154,600 shares of the real estate investment trust’s stock worth $299,295,000 after purchasing an additional 134,739 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Up 0.1%

Mid-America Apartment Communities stock opened at $132.58 on Friday. Mid-America Apartment Communities, Inc. has a 1-year low of $120.30 and a 1-year high of $153.93. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 40.18 and a beta of 0.76. The firm’s fifty day moving average price is $130.32 and its two-hundred day moving average price is $131.68. 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 (NYSE:MAA) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, topping the consensus estimate of $0.83 by $1.30. The company had revenue of $553.73 million during the quarter, compared to the consensus estimate of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $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. On average, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.5 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business 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 dividend on an annualized basis 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 Buying and Selling

In related news, Director Tamara D. Fischer bought 1,100 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the acquisition, the director directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Amber Fairbanks sold 711 shares of Mid-America Apartment Communities stock in a transaction that occurred on 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 directly owned 4,471 shares in the company, valued at approximately $557,667.83. The trade was a 13.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 have sold a total of 1,039 shares of company stock valued at $129,594 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MAA. Scotiabank raised their target price on Mid-America Apartment Communities from $120.00 to $129.00 and gave the company a “sector underperform” rating in a research note on Thursday. Wells Fargo & Company dropped their price target on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. BTIG Research cut their price target on Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Friday, March 27th. Finally, Cantor Fitzgerald decreased their price objective on Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus target price of $144.75.

Mid-America Apartment Communities 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.