Mid-America Apartment Communities, Inc. $MAA Holdings Cut by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 41.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 10,991 shares of the real estate investment trust’s stock after selling 7,784 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Mid-America Apartment Communities were worth $1,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MAA. Physician Wealth Advisors Inc. raised its holdings in shares of Mid-America Apartment Communities by 65.2% during the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Mid-America Apartment Communities during the fourth quarter valued at $32,000. Measured Wealth Private Client Group LLC purchased a new position in Mid-America Apartment Communities in the third quarter valued at about $33,000. Root Financial Partners LLC grew its stake in Mid-America Apartment Communities by 3,100.0% in the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 279 shares in the last quarter. Finally, Hurley Capital LLC increased its position in Mid-America Apartment Communities by 70.4% in the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 112 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Tamara D. Fischer acquired 1,100 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $128.55 per share, with a total value of $141,405.00. Following the completion of the acquisition, the director owned 1,100 shares of the company’s stock, valued at $141,405. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MAA. Mizuho raised their price target on Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. Truist Financial raised their price objective on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Cantor Fitzgerald decreased 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $143.87.

Mid-America Apartment Communities Stock Down 0.6%

MAA opened at $135.15 on Friday. The company has a market capitalization of $15.73 billion, a P/E ratio of 40.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13. The firm’s fifty day moving average price is $133.90 and its two-hundred day moving average price is $132.20. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $153.93.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $1.30. The company 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 was up .8% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.5 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $1.53 per share. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) 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.