Bank of New York Mellon Corp Sells 22,720 Shares of Mid-America Apartment Communities, Inc. $MAA

Bank of New York Mellon Corp trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 645,729 shares of the real estate investment trust’s stock after selling 22,720 shares during the period. Bank of New York Mellon Corp’s holdings in Mid-America Apartment Communities were worth $78,856,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MAA. State Street Corp boosted its position in shares of Mid-America Apartment Communities by 1.6% during the third 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 during the last quarter. Norges Bank purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at about $750,603,000. Viking Global Investors LP boosted its holdings in shares of Mid-America Apartment Communities by 46.7% during the 4th quarter. Viking Global Investors LP now owns 3,880,048 shares of the real estate investment trust’s stock valued at $538,977,000 after acquiring an additional 1,234,966 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mid-America Apartment Communities by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock worth $473,977,000 after acquiring an additional 40,028 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Mid-America Apartment Communities by 6.7% in the fourth quarter. Invesco Ltd. now owns 2,154,600 shares of the real estate investment trust’s stock worth $299,295,000 after acquiring an additional 134,739 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insiders Place Their Bets

In other news, Director Tamara D. Fischer purchased 1,100 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was 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. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Mid-America Apartment Communities Trading Down 1.1%

Mid-America Apartment Communities stock opened at $132.24 on Wednesday. The stock has a market cap of $15.39 billion, a P/E ratio of 40.07 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. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $153.93. The firm’s 50 day moving average price is $134.45 and its 200-day moving average price is $131.95.

Mid-America Apartment Communities (NYSE:MAA) last issued 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 return on equity of 6.61% and a net margin of 17.60%.The firm had revenue of $553.73 million during the quarter, compared to analyst estimates of $555.75 million. During the same quarter last year, the business posted $2.20 earnings per share. The business’s quarterly revenue 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. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.5 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 185.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MAA shares. Mizuho increased their price target on Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Piper Sandler upped their price objective on Mid-America Apartment Communities from $140.00 to $143.00 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. initiated coverage on Mid-America Apartment Communities in a report on Thursday, July 16th. They issued a “neutral” rating and a $147.00 target price on the stock. UBS Group dropped their target price on Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Truist Financial boosted their price target on Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus price target 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.