Aurora Investment Managers LLC. Sells 5,712 Shares of Mid-America Apartment Communities, Inc. $MAA

Aurora Investment Managers LLC. reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 21.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,759 shares of the real estate investment trust’s stock after selling 5,712 shares during the period. Mid-America Apartment Communities accounts for 1.9% of Aurora Investment Managers LLC.’s portfolio, making the stock its 22nd biggest holding. Aurora Investment Managers LLC.’s holdings in Mid-America Apartment Communities were worth $2,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quinn Opportunity Partners LLC lifted its holdings in Mid-America Apartment Communities by 97.5% during the third quarter. Quinn Opportunity Partners LLC now owns 199,500 shares of the real estate investment trust’s stock valued at $27,876,000 after purchasing an additional 98,500 shares in the last quarter. Algebris UK Ltd. grew its position in shares of Mid-America Apartment Communities by 27.5% during the fourth quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after purchasing an additional 28,528 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Mid-America Apartment Communities by 29.5% during the fourth quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock worth $34,281,000 after purchasing an additional 56,224 shares in the last quarter. Symmetry Partners LLC bought a new stake in Mid-America Apartment Communities during the 4th quarter valued at approximately $1,126,000. Finally, Bayhunt Capital LLC bought a new stake in Mid-America Apartment Communities during the 4th quarter valued at approximately $8,619,000. 93.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAA has been the subject of several recent analyst reports. BTIG Research dropped their price target on Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Barclays lifted their price objective on shares of Mid-America Apartment Communities from $137.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. Cantor Fitzgerald dropped their target price on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, UBS Group cut their target price on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $144.75.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, Director Tamara D. Fischer bought 1,100 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the acquisition, the director directly owned 1,100 shares in the company, valued at approximately $141,405. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the sale, the executive vice president owned 4,471 shares in the company, valued at $557,667.83. This represents a 13.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 1,039 shares of company stock valued at $129,594 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 1.5%

Shares of MAA opened at $134.07 on Wednesday. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 40.63 and a beta of 0.76. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $153.93. The business’s 50 day simple moving average is $130.61 and its 200-day simple moving average is $131.63. 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 posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The firm had revenue of $553.73 million during the quarter, compared to analyst estimates of $555.75 million. During the same period last year, the firm posted $2.20 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up .8% compared to the same quarter last year. 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. As a group, equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.5 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, July 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 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.