Cibc World Market Inc. Cuts Position in Mid-America Apartment Communities, Inc. $MAA

Cibc World Market Inc. lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,550 shares of the real estate investment trust’s stock after selling 45,427 shares during the period. Cibc World Market Inc.’s holdings in Mid-America Apartment Communities were worth $6,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tobam purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $26,000. Physician Wealth Advisors Inc. increased its stake in shares of Mid-America Apartment Communities by 65.2% in the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Mid-America Apartment Communities in the 3rd quarter worth about $33,000. Sentry Investment Management LLC acquired a new stake in Mid-America Apartment Communities in the 3rd quarter worth about $36,000. Finally, Fulcrum Asset Management LLP acquired a new stake in Mid-America Apartment Communities in the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling

In related news, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $124.73, for a total value of $88,683.03. Following the transaction, the executive vice president directly owned 4,471 shares in the company, valued at approximately $557,667.83. This represents a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Tamara D. Fischer acquired 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the acquisition, the director directly owned 1,100 shares of the company’s stock, valued at $141,405. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 1,039 shares of company stock worth $129,594 over the last quarter. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MAA shares. Truist Financial lowered their price objective on Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Wells Fargo & Company lowered their price objective on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Cantor Fitzgerald lowered their price objective on Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. KeyCorp lowered their price objective on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Finally, Barclays lifted their price objective on Mid-America Apartment Communities from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and a consensus price target of $143.44.

Mid-America Apartment Communities Trading Up 0.1%

Shares of Mid-America Apartment Communities stock opened at $137.65 on Monday. The stock has a market cap of $16.02 billion, a P/E ratio of 41.71 and a beta of 0.76. The stock’s 50 day simple moving average is $127.71 and its 200-day simple moving average is $131.45. Mid-America Apartment Communities, Inc. has a 1-year low of $120.30 and a 1-year high of $153.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping the consensus estimate of $0.83 by $1.30. The business had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Analysts predict that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $1.53 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.4%. Mid-America Apartment Communities’s dividend payout ratio is currently 185.45%.

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.