Harvest Portfolios Group Inc. Sells 6,291 Shares of Mid-America Apartment Communities, Inc. $MAA

Harvest Portfolios Group Inc. lowered its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 40.5% in the 4th quarter, HoldingsChannel reports. The firm owned 9,259 shares of the real estate investment trust’s stock after selling 6,291 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Mid-America Apartment Communities were worth $1,286,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Tobam bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $26,000. Physician Wealth Advisors Inc. raised its holdings in shares of Mid-America Apartment Communities by 65.2% in the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $33,000. Sentry Investment Management LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $36,000. Finally, United Community Bank raised its holdings in shares of Mid-America Apartment Communities by 1,000.0% in the 3rd quarter. United Community Bank now owns 297 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Barclays lifted their price objective on shares of Mid-America Apartment Communities from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Friday, March 27th. Truist Financial cut their price objective on shares of Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Finally, Wells Fargo & Company cut their price objective on shares of Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $145.00.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 711 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Over the last quarter, insiders have sold 1,039 shares of company stock worth $129,594. 0.60% of the stock is currently owned by insiders.

Mid-America Apartment Communities Stock Up 1.3%

Shares of Mid-America Apartment Communities stock opened at $130.12 on Thursday. The firm’s 50 day moving average price is $126.24 and its 200-day moving average price is $131.29. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.99. Mid-America Apartment Communities, Inc. has a 52-week low of $120.30 and a 52-week high of $159.37. The company has a market cap of $15.14 billion, a P/E ratio of 39.43 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The firm had revenue of $553.73 million for the quarter, compared to the consensus estimate of $555.75 million. During the same quarter in the previous year, the firm earned $2.20 EPS. The company’s quarterly 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. On average, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

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%.

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.