Principal Financial Group Inc. Sells 20,293 Shares of Mid-America Apartment Communities, Inc. $MAA

Principal Financial Group Inc. lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,619 shares of the real estate investment trust’s stock after selling 20,293 shares during the quarter. Principal Financial Group Inc.’s holdings in Mid-America Apartment Communities were worth $19,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Mid-America Apartment Communities by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock valued at $2,149,000 after buying an additional 620 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Mid-America Apartment Communities by 47.6% during the second quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 299 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Mid-America Apartment Communities by 7.1% during the second quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust’s stock worth $976,000 after buying an additional 437 shares during the last quarter. Walleye Capital LLC bought a new stake in Mid-America Apartment Communities during the second quarter worth $230,000. Finally, Bank of Nova Scotia lifted its stake in Mid-America Apartment Communities by 21.7% in the second quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust’s stock valued at $2,300,000 after acquiring an additional 2,771 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling

In other news, Director Tamara D. Fischer acquired 1,100 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the transaction, the director directly owned 1,100 shares of the company’s stock, valued at approximately $141,405. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $131.56 on Thursday. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 39.87 and a beta of 0.74. 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 company has a 50-day simple moving average of $134.49 and a 200 day simple moving average of $131.89. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $153.93.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, beating the consensus estimate of $0.83 by $1.30. The firm had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $1.53 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 annualized dividend and a yield of 4.7%. Mid-America Apartment Communities’s payout ratio is 185.45%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MAA shares. JPMorgan Chase & Co. started coverage on shares of Mid-America Apartment Communities in a research note on Thursday, July 16th. They set a “neutral” rating and a $147.00 price objective on the stock. Mizuho raised their target price on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group lowered Mid-America Apartment Communities from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $145.25.

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.