Assetmark Inc. Sells 8,619 Shares of Mid-America Apartment Communities, Inc. $MAA

Assetmark Inc. reduced its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 95.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 385 shares of the real estate investment trust’s stock after selling 8,619 shares during the period. Assetmark Inc.’s holdings in Mid-America Apartment Communities were worth $54,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $26,000. Sentry Investment Management LLC purchased a new stake in Mid-America Apartment Communities in the third quarter worth about $36,000. United Community Bank grew its holdings in 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 worth $42,000 after acquiring an additional 270 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Mid-America Apartment Communities during the 2nd quarter worth about $45,000. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Price Performance

NYSE MAA opened at $134.03 on Wednesday. Mid-America Apartment Communities, Inc. has a 1 year low of $125.75 and a 1 year high of $173.38. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 2.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.10. The stock’s fifty day moving average price is $135.55 and its 200 day moving average price is $135.99.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS 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 analysts’ expectations of $556.80 million. During the same quarter in the prior year, the company earned $2.23 EPS. Mid-America Apartment Communities’s quarterly revenue was up 1.0% on a year-over-year basis. 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. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were paid a $1.53 dividend. The ex-dividend date was Thursday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 161.90%.

Wall Street Analyst Weigh In

MAA has been the subject of several recent research reports. Cantor Fitzgerald boosted their price target on shares of Mid-America Apartment Communities from $137.00 to $141.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Morgan Stanley lowered their target price on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Evercore cut their price target on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating on the stock in a report on Monday, December 15th. Colliers Securities lowered Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Truist Financial decreased their price objective on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus target price of $153.55.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 233 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the sale, the executive vice president directly owned 3,799 shares of the company’s stock, valued at approximately $518,563.50. This trade represents a 5.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adrian Hill acquired 758 shares of Mid-America Apartment Communities stock in a transaction on Friday, December 12th. The shares were bought at an average price of $131.83 per share, with a total value of $99,927.14. Following the purchase, the executive vice president directly owned 48,766 shares in the company, valued at approximately $6,428,821.78. The trade was a 1.58% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 6,079 shares of company stock valued at $838,698 over the last 90 days. Insiders own 1.30% of the company’s stock.

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.