Mid-America Apartment Communities, Inc. $MAA Holdings Raised by Davis Selected Advisers

Davis Selected Advisers grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 14.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 60,860 shares of the real estate investment trust’s stock after acquiring an additional 7,810 shares during the period. Davis Selected Advisers’ holdings in Mid-America Apartment Communities were worth $8,504,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Elevation Point Wealth Partners LLC acquired a new stake in Mid-America Apartment Communities during the second quarter valued at $25,000. Tobam acquired a new position in Mid-America Apartment Communities in the 3rd quarter worth about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $33,000. Sentry Investment Management LLC purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $36,000. Finally, United Community Bank lifted its holdings in shares of Mid-America Apartment Communities by 1,000.0% during the 3rd quarter. United Community Bank now owns 297 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 270 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Down 1.7%

Shares of Mid-America Apartment Communities stock opened at $125.88 on Thursday. Mid-America Apartment Communities, Inc. has a 12-month low of $125.62 and a 12-month high of $169.42. The stock has a market capitalization of $14.72 billion, a P/E ratio of 33.30, a PEG ratio of 2.14 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 stock has a 50 day moving average price of $133.50 and a two-hundred day moving average price of $134.85.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $2.22 by ($1.74). Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The firm had revenue of $555.56 million during the quarter, compared to the consensus estimate of $556.80 million. During the same quarter last year, the business earned $2.23 EPS. The business’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. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a $1.53 dividend. This represents a $6.12 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, April 15th. Mid-America Apartment Communities’s payout ratio is currently 161.90%.

Insider Buying and Selling

In other news, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was 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 directly owned 49,745 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, EVP Amber Fairbanks sold 233 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the completion of the sale, the executive vice president owned 3,799 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 6,079 shares of company stock valued at $838,698. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MAA. BTIG Research lowered their price target on Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. KeyCorp reduced their target price on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Morgan Stanley decreased their target price on shares of Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday. Mizuho increased their price target on shares of Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, Citigroup cut their price target on shares of Mid-America Apartment Communities from $155.00 to $148.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $150.16.

About Mid-America Apartment Communities

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.