Bank of New York Mellon Corp Sells 79,010 Shares of Mid-America Apartment Communities, Inc. $MAA

Bank of New York Mellon Corp trimmed its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.6% during the 4th quarter, HoldingsChannel reports. The fund owned 668,449 shares of the real estate investment trust’s stock after selling 79,010 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mid-America Apartment Communities were worth $92,854,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MAA. Goldman Sachs Group Inc. lifted its holdings in shares of Mid-America Apartment Communities by 55.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,135,706 shares of the real estate investment trust’s stock valued at $157,761,000 after purchasing an additional 405,120 shares in the last quarter. Fielder Capital Group LLC lifted its holdings in shares of Mid-America Apartment Communities by 30.2% during the fourth quarter. Fielder Capital Group LLC now owns 43,312 shares of the real estate investment trust’s stock valued at $6,017,000 after purchasing an additional 10,038 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Mid-America Apartment Communities by 1.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust’s stock valued at $750,000 after purchasing an additional 100 shares in the last quarter. Easterly Investment Partners LLC bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at $444,000. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of Mid-America Apartment Communities by 1.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 24,687 shares of the real estate investment trust’s stock valued at $3,430,000 after purchasing an additional 470 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Down 0.3%

MAA stock opened at $137.09 on Tuesday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $153.93. The business’s 50-day moving average is $128.01 and its two-hundred day moving average is $131.50. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 41.54 and a beta of 0.76.

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 return on equity of 6.61% and a net margin of 17.60%.The company had revenue of $553.73 million for the quarter, compared to the consensus estimate of $555.75 million. During the same quarter in the prior year, the company earned $2.20 earnings per share. Mid-America Apartment Communities’s 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, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $1.53 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 185.45%.

Insider Activity

In other news, EVP Amber Fairbanks sold 711 shares of the firm’s stock in a transaction dated 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 owned 4,471 shares of the company’s stock, valued at $557,667.83. This trade represents a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 dated Thursday, May 21st. The stock was bought at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the purchase, the director directly owned 1,100 shares of the company’s stock, valued at approximately $141,405. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 1,039 shares of company stock worth $129,594 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald lowered their price target 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Friday, March 27th. Citigroup lowered their target price on Mid-America Apartment Communities from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen raised Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Finally, Scotiabank reissued a “sector underperform” rating and issued a $120.00 target price (down from $138.00) on shares of Mid-America Apartment Communities in a report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average price target of $143.44.

Mid-America Apartment Communities 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.