Legal & General Group Plc Decreases Stake in Mid-America Apartment Communities, Inc. $MAA

Legal & General Group Plc cut its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,478,157 shares of the real estate investment trust’s stock after selling 32,429 shares during the period. Legal & General Group Plc’s holdings in Mid-America Apartment Communities were worth $206,543,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Mid-America Apartment Communities by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust’s stock worth $2,744,110,000 after acquiring an additional 101,397 shares during the last quarter. State Street Corp boosted its position in shares of Mid-America Apartment Communities by 2.0% during the 2nd quarter. State Street Corp now owns 7,994,245 shares of the real estate investment trust’s stock valued at $1,183,228,000 after acquiring an additional 159,278 shares during the last quarter. Norges Bank bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at approximately $795,893,000. Geode Capital Management LLC grew its holdings in shares of Mid-America Apartment Communities by 1.7% in the second quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust’s stock valued at $488,867,000 after purchasing an additional 54,063 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Mid-America Apartment Communities by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,209,030 shares of the real estate investment trust’s stock valued at $326,959,000 after purchasing an additional 17,074 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $127.80 on Friday. The firm has a market capitalization of $14.94 billion, a PE ratio of 33.81, a PEG ratio of 2.13 and a beta of 0.79. The stock’s fifty day moving average is $134.36 and its 200 day moving average is $135.38. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $169.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.10 and a current ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $2.22 by ($1.74). Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The firm had revenue of $555.56 million for the quarter, compared to analysts’ expectations of $556.80 million. During the same period in the previous year, the firm earned $2.23 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. 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, sell-side analysts anticipate 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. Investors of record on Thursday, January 15th were paid a dividend of $1.53 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s dividend payout ratio is presently 161.90%.

Insider Activity

In related news, EVP Robert J. Delpriore sold 5,426 shares of the company’s 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 approximately $6,876,251.35. This represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Amber Fairbanks sold 233 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the completion of the sale, the executive vice president directly owned 3,799 shares in the company, valued at $518,563.50. This trade represents a 5.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,079 shares of company stock worth $838,698 over the last quarter. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. KeyCorp decreased their price target on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Evercore dropped their price objective 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. Scotiabank reduced their target price on shares of Mid-America Apartment Communities from $142.00 to $140.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Monday, December 29th. Finally, BMO Capital Markets raised shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and increased their price target for the company from $150.00 to $158.00 in a report on Friday, January 9th. Eight research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $150.58.

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.