Ontario Teachers Pension Plan Board Raises Stock Position in Mid-America Apartment Communities, Inc. $MAA

Ontario Teachers Pension Plan Board raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 47.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 42,701 shares of the real estate investment trust’s stock after buying an additional 13,780 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Mid-America Apartment Communities were worth $5,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAA. Elevation Point Wealth Partners LLC bought a new stake in shares of Mid-America Apartment Communities in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Mid-America Apartment Communities in the second quarter worth about $26,000. Tobam bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $26,000. Sentry Investment Management LLC purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $36,000. Finally, United Community Bank increased its position in shares of Mid-America Apartment Communities by 1,000.0% during the 3rd quarter. United Community Bank now owns 297 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 270 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $138.23, for a total transaction 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 trade represents a 9.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Adrian Hill acquired 758 shares of Mid-America Apartment Communities stock in a transaction dated Friday, December 12th. The shares were bought at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the transaction, the executive vice president owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. The trade was a 1.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 6,079 shares of company stock worth $838,698 in the last three months. 1.20% of the stock is owned by company insiders.

Mid-America Apartment Communities Stock Up 0.6%

Shares of MAA stock opened at $135.16 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities, Inc. has a one year low of $125.75 and a one year high of $173.38. The company’s fifty day moving average price is $135.45 and its 200-day moving average price is $136.22. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.22 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The business had revenue of $555.56 million during the quarter, compared to analysts’ expectations of $556.80 million. During the same quarter in the previous year, the company posted $2.23 EPS. The company’s quarterly revenue 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. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were issued a $1.53 dividend. The ex-dividend date of this dividend was Thursday, January 15th. 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. Mid-America Apartment Communities’s payout ratio is presently 161.90%.

Analyst Ratings Changes

Several analysts recently issued reports on MAA shares. Piper Sandler cut their target price on shares of 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. KeyCorp reduced their price objective on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. BTIG Research reaffirmed a “buy” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, December 5th. Finally, Cantor Fitzgerald boosted their price target on Mid-America Apartment Communities from $137.00 to $141.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Nine investment 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. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $153.55.

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.