Carronade Capital Management LP Reduces Stock Position in Mid-America Apartment Communities, Inc. $MAA

Carronade Capital Management LP trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 99.8% during the third quarter, Holdings Channel.com reports. The firm owned 43,184 shares of the real estate investment trust’s stock after selling 20,200,000 shares during the period. Mid-America Apartment Communities accounts for about 0.1% of Carronade Capital Management LP’s holdings, making the stock its 22nd largest holding. Carronade Capital Management LP’s holdings in Mid-America Apartment Communities were worth $6,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $25,000. Tobam purchased a new position in shares of Mid-America Apartment Communities during the third quarter valued at approximately $26,000. Sentry Investment Management LLC acquired a new stake in Mid-America Apartment Communities during the third quarter worth approximately $36,000. United Community Bank boosted its position in Mid-America Apartment Communities by 1,000.0% during the third quarter. United Community Bank now owns 297 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 270 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Mid-America Apartment Communities in the 2nd quarter worth approximately $45,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MAA. Mizuho boosted their price target on Mid-America Apartment Communities from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Cantor Fitzgerald lifted their price objective on Mid-America Apartment Communities from $137.00 to $141.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Evercore dropped their target price on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research note on Monday, December 15th. Truist Financial reduced their target price on Mid-America Apartment Communities from $146.00 to $142.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Barclays decreased their price target on Mid-America Apartment Communities from $144.00 to $138.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $150.58.

Insider Buying and Selling

In other news, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the sale, the executive vice president owned 49,745 shares of the company’s stock, valued at $6,876,251.35. This represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total transaction of $31,804.50. Following the transaction, the executive vice president owned 3,799 shares in the company, valued at $518,563.50. The trade was a 5.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,079 shares of company stock valued at $838,698. Corporate insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Stock Down 1.1%

Shares of NYSE MAA opened at $126.36 on Friday. The stock has a market capitalization of $14.77 billion, a PE ratio of 33.43, a P/E/G ratio of 2.10 and a beta of 0.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average of $134.10 and a 200-day moving average of $135.22. Mid-America Apartment Communities, Inc. has a 52-week low of $125.75 and a 52-week high of $169.42.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The firm had revenue of $555.56 million during the quarter, compared to analyst estimates of $556.80 million. During the same quarter in the previous year, the business posted $2.23 EPS. Mid-America Apartment Communities’s revenue was up 1.0% compared to the same quarter last year. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. On average, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were given a dividend of $1.53 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.8%. Mid-America Apartment Communities’s dividend payout ratio is currently 161.90%.

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.