TT Capital Management LLC Raises Stock Position in Mid-America Apartment Communities, Inc. $MAA

TT Capital Management LLC lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 118.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,610 shares of the real estate investment trust’s stock after purchasing an additional 4,675 shares during the quarter. Mid-America Apartment Communities comprises about 0.9% of TT Capital Management LLC’s holdings, making the stock its 24th biggest holding. TT Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $1,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MAA. Vanguard Group Inc. lifted its holdings in Mid-America Apartment Communities by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust’s stock worth $2,744,110,000 after buying an additional 101,397 shares in the last quarter. State Street Corp increased its position in shares of Mid-America Apartment Communities by 2.0% during the second quarter. State Street Corp now owns 7,994,245 shares of the real estate investment trust’s stock worth $1,183,228,000 after acquiring an additional 159,278 shares during the period. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities in the second quarter valued at $795,893,000. Geode Capital Management LLC raised its stake in shares of Mid-America Apartment Communities by 1.7% in the second quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust’s stock valued at $488,867,000 after acquiring an additional 54,063 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Mid-America Apartment Communities by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,209,030 shares of the real estate investment trust’s stock valued at $326,959,000 after purchasing an additional 17,074 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MAA shares. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Monday, December 29th. Piper Sandler lowered their price objective on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Citigroup reduced their target price on shares of Mid-America Apartment Communities from $155.00 to $148.00 and set a “neutral” rating on the stock in a report on Friday. Truist Financial decreased their price target on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, BMO Capital Markets raised shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and increased their price objective for the company from $150.00 to $158.00 in a research report on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average target price of $153.55.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Robert J. Delpriore sold 5,426 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the sale, the executive vice president directly owned 49,745 shares of the company’s stock, valued at $6,876,251.35. This represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total value of $31,804.50. Following the transaction, the executive vice president directly owned 3,799 shares in the company, valued at approximately $518,563.50. This trade represents a 5.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,079 shares of company stock valued at $838,698 over the last ninety days. Insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $135.56 on Friday. The stock’s 50-day simple moving average is $135.21 and its 200-day simple moving average is $136.40. The firm has a market capitalization of $15.85 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.24 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $173.38. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.06 and a current ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $2.22 by ($1.74). Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The company had revenue of $555.56 million during the quarter, compared to analysts’ expectations of $556.80 million. During the same quarter in the prior year, the company earned $2.23 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were given a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a yield of 4.5%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date of this dividend was Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 161.90%.

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.