Vestcor Inc Sells 9,400 Shares of Mid-America Apartment Communities, Inc. $MAA

Vestcor Inc cut its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 80.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,342 shares of the real estate investment trust’s stock after selling 9,400 shares during the period. Vestcor Inc’s holdings in Mid-America Apartment Communities were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAA. Tobam purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth approximately $26,000. Physician Wealth Advisors Inc. increased 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 acquiring an additional 75 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $33,000. Fulcrum Asset Management LLP acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth $46,000. Finally, True Wealth Design LLC boosted its position in shares of Mid-America Apartment Communities by 256.4% in the 4th quarter. True Wealth Design LLC now owns 335 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 241 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Friday, March 27th. Scotiabank reissued a “sector underperform” rating and set a $120.00 target price (down from $138.00) on shares of Mid-America Apartment Communities in a report on Thursday, May 14th. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Truist Financial decreased their price objective on Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Finally, Morgan Stanley decreased their price objective on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.44.

Mid-America Apartment Communities Trading Up 1.2%

MAA opened at $138.75 on Wednesday. Mid-America Apartment Communities, Inc. has a one year low of $120.30 and a one year high of $153.93. The stock has a market capitalization of $16.15 billion, a PE ratio of 42.04 and a beta of 0.76. The business’s 50 day moving average price is $128.37 and its 200 day moving average price is $131.56. 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 quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. During the same period in the prior year, the firm posted $2.20 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. 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, equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $1.53 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.4%. Mid-America Apartment Communities’s dividend payout ratio is currently 185.45%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, Director Tamara D. Fischer acquired 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the acquisition, the director owned 1,100 shares of the company’s stock, valued at approximately $141,405. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Amber Fairbanks sold 711 shares of the company’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 value of $88,683.03. Following the completion of the transaction, the executive vice president owned 4,471 shares in the company, valued at $557,667.83. This 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. Insiders sold 1,039 shares of company stock worth $129,594 over the last quarter. 0.60% of the stock is currently owned by insiders.

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.