Allstate Corp Grows Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Allstate Corp increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 96.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,850 shares of the real estate investment trust’s stock after purchasing an additional 4,336 shares during the period. Allstate Corp’s holdings in Mid-America Apartment Communities were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MAA. Viking Global Investors LP purchased a new position in shares of Mid-America Apartment Communities during the third quarter valued at approximately $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Mid-America Apartment Communities by 621.0% during the third 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 purchasing an additional 1,040,525 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Mid-America Apartment Communities during the second quarter valued at approximately $54,314,000. UBS Group AG increased its holdings in Mid-America Apartment Communities by 65.7% during the third quarter. UBS Group AG now owns 712,167 shares of the real estate investment trust’s stock valued at $99,511,000 after buying an additional 282,278 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Mid-America Apartment Communities by 1,766.5% during the fourth quarter. Teacher Retirement System of Texas now owns 286,189 shares of the real estate investment trust’s stock valued at $39,755,000 after buying an additional 270,856 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada reduced their target price on shares of Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Friday, February 6th. BTIG Research reduced their target price on shares of Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Citigroup reduced their target price on shares of Mid-America Apartment Communities from $148.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. KeyCorp reduced their target price on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald reduced their target price on shares of 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. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $143.44.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction 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 sale, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, Director Tamara D. Fischer bought 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $128.55 per share, with a total value of $141,405.00. Following the completion of the purchase, the director owned 1,100 shares in the company, valued at approximately $141,405. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 1,039 shares of company stock worth $129,594 over the last ninety days. Insiders own 0.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

MAA opened at $129.02 on Friday. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 39.10 and a beta of 0.77. The company has a fifty day moving average of $126.66 and a 200 day moving average of $131.37. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $156.76. 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 (NYSE:MAA) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $1.30. The firm had revenue of $553.73 million during the quarter, compared to analyst estimates of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business 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 forecast that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, July 15th. Mid-America Apartment Communities’s payout ratio is currently 185.45%.

About Mid-America Apartment Communities

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.