Calydon Capital Sells 37,814 Shares of Mid-America Apartment Communities, Inc. $MAA

Calydon Capital cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 50.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,720 shares of the real estate investment trust’s stock after selling 37,814 shares during the quarter. Calydon Capital’s holdings in Mid-America Apartment Communities were worth $5,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Mid-America Apartment Communities by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock valued at $2,149,000 after purchasing an additional 620 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Mid-America Apartment Communities in the 2nd quarter worth approximately $208,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at $455,000. ProShare Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 7.8% during the 2nd quarter. ProShare Advisors LLC now owns 33,128 shares of the real estate investment trust’s stock valued at $4,903,000 after buying an additional 2,391 shares during the period. Finally, National Pension Service boosted its stake in shares of Mid-America Apartment Communities by 0.7% in the 2nd quarter. National Pension Service now owns 194,000 shares of the real estate investment trust’s stock worth $28,714,000 after buying an additional 1,281 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 233 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 3,799 shares in the company, valued at approximately $518,563.50. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert J. Delpriore sold 5,426 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 49,745 shares of the company’s stock, valued at $6,876,251.35. The trade was a 9.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,079 shares of company stock worth $838,698. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

MAA has been the subject of several recent research reports. Citigroup cut their target price on shares of Mid-America Apartment Communities from $155.00 to $148.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Royal Bank Of Canada cut their price objective on shares of 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. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. Evercore lowered their target price on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating on the stock in a research report on Monday, December 15th. Finally, Scotiabank cut their price target on Mid-America Apartment Communities from $142.00 to $140.00 and set a “sector perform” rating for the company in a report on Wednesday, March 4th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $150.58.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $126.36 on Friday. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $134.10 and a 200-day moving average price of $135.22. Mid-America Apartment Communities, Inc. has a twelve month low of $125.75 and a twelve month high of $169.42.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (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 business had revenue of $555.56 million for the quarter, compared to the consensus estimate of $556.80 million. During the same period last year, the business posted $2.23 EPS. The firm’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, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were issued a dividend of $1.53 per share. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. 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 4.8%. Mid-America Apartment Communities’s payout ratio is 161.90%.

About Mid-America Apartment Communities

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.