Mid-America Apartment Communities, Inc. $MAA Stock Position Lessened by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 81.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,408 shares of the real estate investment trust’s stock after selling 15,000 shares during the period. DAVENPORT & Co LLC’s holdings in Mid-America Apartment Communities were worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its holdings in Mid-America Apartment Communities by 1.6% in the third quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock worth $1,134,520,000 after purchasing an additional 125,130 shares during the period. Viking Global Investors LP acquired a new position in Mid-America Apartment Communities during the 3rd quarter valued at about $369,597,000. Northern Trust Corp raised its position in shares of Mid-America Apartment Communities by 1.2% during the 3rd quarter. Northern Trust Corp now owns 2,145,203 shares of the real estate investment trust’s stock worth $299,749,000 after buying an additional 26,221 shares in the last quarter. Invesco Ltd. raised its position in shares of Mid-America Apartment Communities by 10.0% during the 3rd quarter. Invesco Ltd. now owns 2,019,861 shares of the real estate investment trust’s stock worth $282,235,000 after buying an additional 184,453 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Mid-America Apartment Communities by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,694,713 shares of the real estate investment trust’s stock worth $236,798,000 after acquiring an additional 9,197 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $121.95 on Wednesday. The company has a 50-day moving average of $131.00 and a 200-day moving average of $133.40. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 32.26 and a beta of 0.79. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.93. Mid-America Apartment Communities, Inc. has a twelve month low of $120.30 and a twelve month high of $169.42.

Mid-America Apartment Communities (NYSE:MAA) last released 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 return on equity of 7.44% and a net margin of 20.23%.The business had revenue of $555.56 million during the quarter, compared to the consensus estimate of $556.80 million. During the same quarter in the previous year, the firm earned $2.23 earnings per share. The firm’s revenue for the quarter 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. Analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a $1.53 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $6.12 annualized dividend and a dividend yield of 5.0%. Mid-America Apartment Communities’s dividend payout ratio is currently 161.90%.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, 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 directly owned 3,799 shares of the company’s stock, valued at $518,563.50. This trade represents a 5.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert J. Delpriore sold 5,426 shares of Mid-America Apartment Communities stock in a transaction 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 transaction, the executive vice president owned 49,745 shares in the company, valued at $6,876,251.35. The trade was a 9.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,079 shares of company stock worth $838,698 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MAA has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Friday. Colliers Securities cut Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a report on Monday, February 9th. Truist Financial cut their target price on Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley decreased their price target on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Finally, Mizuho lifted their price target on Mid-America Apartment Communities from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $149.74.

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.