Rhumbline Advisers Decreases Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Rhumbline Advisers cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 245,737 shares of the real estate investment trust’s stock after selling 12,289 shares during the quarter. Rhumbline Advisers owned 0.21% of Mid-America Apartment Communities worth $34,337,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MAA. ABC Arbitrage SA bought a new position in Mid-America Apartment Communities during the third quarter valued at $1,126,000. Stratos Wealth Partners LTD. raised its position in shares of Mid-America Apartment Communities by 0.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 30,916 shares of the real estate investment trust’s stock valued at $4,320,000 after buying an additional 203 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Mid-America Apartment Communities by 42.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 31,122 shares of the real estate investment trust’s stock valued at $4,349,000 after acquiring an additional 9,318 shares during the last quarter. Profund Advisors LLC grew its position in Mid-America Apartment Communities by 7.1% in the third quarter. Profund Advisors LLC now owns 1,627 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 108 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Mid-America Apartment Communities by 1.6% during the third quarter. ProShare Advisors LLC now owns 33,642 shares of the real estate investment trust’s stock worth $4,701,000 after acquiring an additional 514 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MAA. Cantor Fitzgerald boosted their target price on Mid-America Apartment Communities from $137.00 to $141.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Citigroup dropped their price objective on shares of Mid-America Apartment Communities from $155.00 to $148.00 and set a “neutral” rating for the company in a research note on Friday. Colliers Securities downgraded shares of Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. Evercore dropped their price target on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research note on Monday, December 15th. Finally, Truist Financial cut their price target on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $153.55.

Insider Activity

In other Mid-America Apartment Communities news, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $138.23, for a total transaction of $750,035.98. Following the transaction, the executive vice president directly owned 49,745 shares in the company, valued at $6,876,251.35. This represents a 9.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adrian Hill purchased 758 shares of Mid-America Apartment Communities stock in a transaction dated Friday, December 12th. The stock was acquired at an average price of $131.83 per share, with a total value of $99,927.14. Following the acquisition, the executive vice president owned 48,766 shares in the company, valued at approximately $6,428,821.78. This represents a 1.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,079 shares of company stock worth $838,698. Company insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $135.56 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.06. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.24 and a beta of 0.79. The firm has a 50-day moving average of $135.21 and a two-hundred day moving average of $136.40. Mid-America Apartment Communities, Inc. has a 1 year low of $125.75 and a 1 year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). The company had revenue of $555.56 million for the quarter, compared to analysts’ expectations of $556.80 million. Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $2.23 earnings per share. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. On average, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 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 4.5%. The ex-dividend date of this dividend was Thursday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s dividend payout ratio is currently 161.90%.

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.