JPMorgan Chase & Co. Trims Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

JPMorgan Chase & Co. lowered its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 23.1% in the third quarter, Holdings Channel.com reports. The fund owned 1,555,859 shares of the real estate investment trust’s stock after selling 467,516 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mid-America Apartment Communities were worth $217,400,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MAA. HighTower Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 0.5% during the third quarter. HighTower Advisors LLC now owns 103,041 shares of the real estate investment trust’s stock worth $14,398,000 after purchasing an additional 533 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Mid-America Apartment Communities by 3.1% in the third quarter. Aberdeen Group plc now owns 153,366 shares of the real estate investment trust’s stock worth $21,258,000 after purchasing an additional 4,671 shares during the last quarter. TT Capital Management LLC increased its stake in Mid-America Apartment Communities by 118.8% in the 3rd quarter. TT Capital Management LLC now owns 8,610 shares of the real estate investment trust’s stock worth $1,203,000 after buying an additional 4,675 shares during the period. Balboa Wealth Partners increased its stake in Mid-America Apartment Communities by 17.5% in the 3rd quarter. Balboa Wealth Partners now owns 2,233 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 332 shares during the period. Finally, Naviter Wealth LLC lifted its holdings in Mid-America Apartment Communities by 5.0% during the 3rd quarter. Naviter Wealth LLC now owns 9,789 shares of the real estate investment trust’s stock valued at $1,368,000 after buying an additional 468 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 1.2%

Shares of NYSE MAA opened at $133.45 on Friday. Mid-America Apartment Communities, Inc. has a 12-month low of $125.75 and a 12-month high of $173.38. The stock’s fifty day simple moving average is $135.52 and its two-hundred day simple moving average is $136.17. The stock has a market capitalization of $15.60 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.23 and a beta of 0.79. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.93.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share 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 company had revenue of $555.56 million for the quarter, compared to analysts’ expectations of $556.80 million. During the same quarter last year, the company earned $2.23 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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, 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 company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were issued a $1.53 dividend. The ex-dividend date was Thursday, January 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 161.90%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAA. Barclays dropped their target price on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Wells Fargo & Company dropped their price objective on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Royal Bank Of Canada decreased their target price on Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Morgan Stanley lowered their target price on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Finally, Truist Financial cut their price target on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Nine 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $153.55.

Insider Transactions at Mid-America Apartment Communities

In other news, EVP Adrian Hill bought 758 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average price of $131.83 per share, with a total value of $99,927.14. Following the completion of the transaction, the executive vice president directly 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amber Fairbanks sold 233 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total transaction of $31,804.50. Following the completion of the sale, the executive vice president owned 3,799 shares of the company’s stock, valued at approximately $518,563.50. This trade represents a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,079 shares of company stock valued at $838,698 in the last 90 days. Insiders own 1.20% of the company’s stock.

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.