Mid-America Apartment Communities, Inc. $MAA Shares Purchased by Strs Ohio

Strs Ohio boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 55.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,175 shares of the real estate investment trust’s stock after purchasing an additional 36,096 shares during the quarter. Strs Ohio’s holdings in Mid-America Apartment Communities were worth $12,355,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MAA. Norges Bank purchased a new position in shares of Mid-America Apartment Communities during the 4th quarter valued at approximately $750,603,000. Viking Global Investors LP acquired 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 boosted its stake in Mid-America Apartment Communities by 621.0% during the 3rd 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 valued at $168,805,000 after acquiring an additional 1,040,525 shares during the last quarter. Millennium Management LLC boosted its stake in Mid-America Apartment Communities by 3,129.2% during the 4th quarter. Millennium Management LLC now owns 738,065 shares of the real estate investment trust’s stock valued at $102,525,000 after acquiring an additional 715,209 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Mid-America Apartment Communities by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,030,848 shares of the real estate investment trust’s stock worth $282,105,000 after acquiring an additional 474,989 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Tamara D. Fischer acquired 1,100 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the transaction, the director directly owned 1,100 shares of the company’s stock, valued at $141,405. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction on Monday, April 6th. The stock was 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 approximately $557,667.83. The trade was a 13.72% decrease in their ownership of the stock. 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 have sold a total of 1,039 shares of company stock worth $129,594 over the last quarter. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MAA. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Truist Financial lifted their price target on 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. Wall Street Zen raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday. Scotiabank upped their price objective 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, June 18th. Finally, Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and a consensus target price of $144.69.

Mid-America Apartment Communities Stock Down 0.1%

Shares of NYSE:MAA opened at $142.10 on Friday. The company’s fifty day moving average is $132.82 and its two-hundred day moving average is $132.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current ratio of 0.13. Mid-America Apartment Communities, Inc. has a 1-year low of $120.30 and a 1-year high of $153.93. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 43.06 and a beta of 0.74.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data 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 net margin of 17.60% and a return on equity of 6.61%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.5 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $1.53 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.3%. Mid-America Apartment Communities’s dividend payout ratio is 185.45%.

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.