Mid-America Apartment Communities, Inc. $MAA Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 34.0% during the first quarter, HoldingsChannel reports. The firm owned 269,258 shares of the real estate investment trust’s stock after selling 138,697 shares during the quarter. California Public Employees Retirement System’s holdings in Mid-America Apartment Communities were worth $32,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MAA. Algebris UK Ltd. increased its stake in Mid-America Apartment Communities by 27.5% in the fourth quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock valued at $18,358,000 after purchasing an additional 28,528 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in 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. Norges Bank purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $750,603,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Mid-America Apartment Communities by 4.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock worth $30,083,000 after buying an additional 8,724 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Mid-America Apartment Communities by 17.3% in the 4th quarter. CWM LLC now owns 132,440 shares of the real estate investment trust’s stock valued at $18,397,000 after buying an additional 19,512 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Down 1.1%

MAA opened at $132.24 on Wednesday. The business has a 50 day moving average price of $134.45 and a two-hundred day moving average price of $131.95. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.99. The company has a market cap of $15.39 billion, a PE ratio of 40.07 and a beta of 0.74. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $153.93.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $555.75 million. During the same period last year, the firm posted $2.20 EPS. Mid-America Apartment Communities’s quarterly revenue was up .8% on a year-over-year basis. 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, research 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 disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $1.53 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.6%. Mid-America Apartment Communities’s payout ratio is currently 185.45%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, Director Tamara D. Fischer acquired 1,100 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, with a total value of $141,405.00. Following the purchase, the director owned 1,100 shares in the company, valued at approximately $141,405. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MAA shares. Jefferies Financial Group downgraded shares of Mid-America Apartment Communities from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. Truist Financial raised their price objective on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Piper Sandler upped their target price on Mid-America Apartment Communities from $140.00 to $143.00 and gave the company a “neutral” rating in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $144.75.

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.