State of New Jersey Common Pension Fund D Has $4.17 Million Stake in Mid-America Apartment Communities, Inc. $MAA

State of New Jersey Common Pension Fund D decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,021 shares of the real estate investment trust’s stock after selling 4,870 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Mid-America Apartment Communities were worth $4,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MAA. Tobam acquired a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $26,000. Physician Wealth Advisors Inc. boosted its stake in shares of Mid-America Apartment Communities by 65.2% in the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 75 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $33,000. Sentry Investment Management LLC bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $36,000. Finally, United Community Bank boosted its stake in shares of Mid-America Apartment Communities by 1,000.0% in the third quarter. United Community Bank now owns 297 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MAA has been the subject of several recent research reports. Barclays cut their price target on Mid-America Apartment Communities from $138.00 to $137.00 and set an “equal weight” rating for the company in a research note on Monday, April 27th. Wall Street Zen upgraded Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. UBS Group boosted their price target on Mid-America Apartment Communities from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Colliers Securities cut Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Wells Fargo & Company cut their price target 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. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $147.94.

Mid-America Apartment Communities Stock Up 0.4%

Shares of MAA opened at $129.06 on Tuesday. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $167.74. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 39.11 and a beta of 0.77. 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 stock has a fifty day moving average of $127.39 and a 200-day moving average of $131.54.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $1.30. The company had revenue of $553.73 million during 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%.Mid-America Apartment Communities’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company 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, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.53 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were given a dividend of $1.53 per share. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio is 185.45%.

Insider Activity

In other news, 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 transaction 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 represents a 13.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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. Over the last quarter, insiders have sold 1,039 shares of company stock worth $129,594. 0.60% of the stock is owned by corporate insiders.

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.