Pictet Asset Management Holding SA Trims Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Pictet Asset Management Holding SA decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,133 shares of the real estate investment trust’s stock after selling 4,740 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Mid-America Apartment Communities were worth $6,244,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Mid-America Apartment Communities by 1.6% during the 3rd quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock valued at $1,134,520,000 after buying an additional 125,130 shares in the last quarter. Norges Bank bought a new position in shares of Mid-America Apartment Communities in the 4th quarter worth about $750,603,000. Viking Global Investors LP increased its stake in shares of Mid-America Apartment Communities by 46.7% in the 4th quarter. Viking Global Investors LP now owns 3,880,048 shares of the real estate investment trust’s stock worth $538,977,000 after acquiring an additional 1,234,966 shares in the last quarter. Geode Capital Management LLC lifted its position in Mid-America Apartment Communities by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock valued at $473,977,000 after acquiring an additional 40,028 shares during the period. Finally, Invesco Ltd. lifted its position in Mid-America Apartment Communities by 6.7% during the 4th quarter. Invesco Ltd. now owns 2,154,600 shares of the real estate investment trust’s stock valued at $299,295,000 after acquiring an additional 134,739 shares during the period. Institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 711 shares of Mid-America Apartment Communities stock in a transaction 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 completion of the sale, the executive vice president owned 4,471 shares of the company’s stock, valued at approximately $557,667.83. This trade represents a 13.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 purchased 1,100 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of $128.55 per share, with a total value of $141,405.00. Following the purchase, the director directly owned 1,100 shares of the company’s stock, valued at approximately $141,405. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 1,039 shares of company stock valued at $129,594. 0.60% of the stock is owned by company insiders.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $142.10 on Friday. Mid-America Apartment Communities, Inc. has a one year low of $120.30 and a one year high of $153.93. The company’s 50-day moving average is $132.82 and its 200 day moving average is $132.07. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 43.06 and a beta of 0.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current 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 (EPS) for the quarter, topping the consensus estimate of $0.83 by $1.30. The business had revenue of $553.73 million during the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. 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 company earned $2.20 earnings per share. 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. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.5 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company 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. This represents a $6.12 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, July 15th. Mid-America Apartment Communities’s payout ratio is presently 185.45%.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of 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. Barclays lifted their target price on shares of Mid-America Apartment Communities from $137.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Scotiabank boosted their price target on Mid-America Apartment Communities from $120.00 to $129.00 and gave the stock a “sector underperform” rating in a research report on Thursday, June 18th. Cantor Fitzgerald cut their price target on Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and an average target price of $144.69.

About Mid-America Apartment Communities

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.