Sterling Capital Management LLC Decreases Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Sterling Capital Management LLC cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 15.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,557 shares of the real estate investment trust’s stock after selling 4,233 shares during the period. Sterling Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $2,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Algebris UK Ltd. boosted its position in shares of Mid-America Apartment Communities by 27.5% in the 4th quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after buying an additional 28,528 shares in the last quarter. Quinn Opportunity Partners LLC increased its holdings in Mid-America Apartment Communities by 97.5% during the 3rd quarter. Quinn Opportunity Partners LLC now owns 199,500 shares of the real estate investment trust’s stock valued at $27,876,000 after acquiring an additional 98,500 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Mid-America Apartment Communities by 29.5% during the 4th quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock valued at $34,281,000 after acquiring an additional 56,224 shares in the last quarter. Symmetry Partners LLC acquired a new position in Mid-America Apartment Communities during the fourth quarter worth about $1,126,000. Finally, Nomura Asset Management Co. Ltd. raised its position in Mid-America Apartment Communities by 4.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock worth $30,083,000 after acquiring an additional 8,724 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on MAA shares. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. UBS Group reduced their target price 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Wednesday. Cantor Fitzgerald dropped their price target on Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Morgan Stanley boosted their price target on Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average price target of $144.69.

Mid-America Apartment Communities Stock Up 0.1%

MAA stock opened at $140.84 on Monday. The company has a 50 day moving average price of $131.35 and a two-hundred day moving average price of $131.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market capitalization of $16.39 billion, a P/E ratio of 42.68 and a beta of 0.76. Mid-America Apartment Communities, Inc. has a one year low of $120.30 and a one year high of $153.93.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $1.30. The business had revenue of $553.73 million during the quarter, compared to the consensus estimate of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $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 expect that Mid-America Apartment Communities, Inc. will post 8.5 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

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

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, Director Tamara D. Fischer bought 1,100 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the acquisition, the director owned 1,100 shares of the company’s stock, valued at $141,405. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $124.73, for a total transaction of $88,683.03. Following the sale, the executive vice president directly owned 4,471 shares of the company’s stock, valued at approximately $557,667.83. This trade represents a 13.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $129,594. 0.60% of the stock is owned by 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.