Mid-America Apartment Communities, Inc. $MAA Stock Holdings Lifted by TT Capital Management LLC

TT Capital Management LLC grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 31.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 28,390 shares of the real estate investment trust’s stock after acquiring an additional 6,735 shares during the period. Mid-America Apartment Communities accounts for about 1.7% of TT Capital Management LLC’s portfolio, making the stock its 11th largest position. TT Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $3,343,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Columbus Macro LLC boosted its stake in shares of Mid-America Apartment Communities by 5.7% in the third quarter. Columbus Macro LLC now owns 78,899 shares of the real estate investment trust’s stock worth $9,290,000 after acquiring an additional 4,290 shares during the period. Baker Ellis Asset Management LLC boosted its stake in Mid-America Apartment Communities by 0.4% in the 3rd quarter. Baker Ellis Asset Management LLC now owns 53,443 shares of the real estate investment trust’s stock worth $6,292,000 after purchasing an additional 216 shares during the period. Lincoln Capital Corp boosted its stake in Mid-America Apartment Communities by 63.9% in the 3rd quarter. Lincoln Capital Corp now owns 12,107 shares of the real estate investment trust’s stock worth $1,425,000 after purchasing an additional 4,721 shares during the period. Steel Grove Capital Advisors LLC boosted its stake in Mid-America Apartment Communities by 27.0% in the 3rd quarter. Steel Grove Capital Advisors LLC now owns 6,397 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 1,359 shares during the period. Finally, Pacifica Partners Inc. grew its holdings in Mid-America Apartment Communities by 34.4% during the 3rd quarter. Pacifica Partners Inc. now owns 15,550 shares of the real estate investment trust’s stock valued at $1,810,000 after buying an additional 3,981 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

MAA has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Mid-America Apartment Communities in a research note on Thursday, August 27th. Morgan Stanley reduced their target price on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Mizuho dropped their price objective on Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Mid-America Apartment Communities in a research note on Thursday, July 16th. They issued a “neutral” rating and a $147.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and an average target price of $139.56.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock traded up $0.58 during trading on Thursday, hitting $116.20. 426,102 shares of the company’s stock were exchanged, compared to its average volume of 1,010,307. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 52-week low of $113.95 and a 52-week high of $144.41. The business has a 50-day simple moving average of $124.82 and a 200-day simple moving average of $129.24. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 33.95 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.32. The firm had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.15 EPS. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. On average, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a $1.53 dividend. This represents a $6.12 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 178.95%.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.