Louisiana State Employees Retirement System Purchases Shares of 6,000 Mid-America Apartment Communities, Inc. $MAA

Louisiana State Employees Retirement System purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,000 shares of the real estate investment trust’s stock, valued at approximately $733,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAA. State Street Corp boosted its stake in Mid-America Apartment Communities by 1.6% in the 3rd quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock worth $1,134,520,000 after buying an additional 125,130 shares during the last quarter. Norges Bank purchased a new position in shares of Mid-America Apartment Communities during the 4th quarter worth about $750,603,000. Viking Global Investors LP boosted its position in shares of Mid-America Apartment Communities by 46.7% in the fourth quarter. Viking Global Investors LP now owns 3,880,048 shares of the real estate investment trust’s stock worth $538,977,000 after acquiring an additional 1,234,966 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mid-America Apartment Communities by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock valued at $473,977,000 after purchasing an additional 40,028 shares during the period. Finally, Invesco Ltd. grew its holdings in Mid-America Apartment Communities by 6.7% in the fourth quarter. Invesco Ltd. now owns 2,154,600 shares of the real estate investment trust’s stock valued at $299,295,000 after purchasing an additional 134,739 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MAA shares. Cantor Fitzgerald cut their price target on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Citigroup reaffirmed a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Morgan Stanley boosted their price target on Mid-America Apartment Communities from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Mizuho raised their price objective on Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, UBS Group reduced their price objective on Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.69.

Mid-America Apartment Communities Stock Up 1.8%

NYSE:MAA traded up $2.48 during mid-day trading on Tuesday, hitting $143.25. The company had a trading volume of 16,603 shares, compared to its average volume of 977,373. The business has a fifty day simple moving average of $133.11 and a 200-day simple moving average of $132.12. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $153.93. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 43.34 and a beta of 0.74.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping the consensus estimate of $0.83 by $1.30. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The company had revenue of $553.73 million during the quarter, compared to the consensus estimate of $555.75 million. During the same quarter in the prior year, the business earned $2.20 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. 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 forecast that Mid-America Apartment Communities, Inc. will post 8.5 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $1.53 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 annualized dividend and a yield of 4.3%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 185.45%.

Insider Activity

In other news, Director Tamara D. Fischer bought 1,100 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the purchase, the director owned 1,100 shares of the company’s stock, valued at $141,405. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.