Pensionfund PDN Invests $2.13 Million in Mid-America Apartment Communities, Inc. $MAA

Pensionfund PDN acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 15,340 shares of the real estate investment trust’s stock, valued at approximately $2,131,000. Mid-America Apartment Communities makes up approximately 1.4% of Pensionfund PDN’s holdings, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Mid-America Apartment Communities by 5.1% in the 1st 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 acquiring an additional 620 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Mid-America Apartment Communities by 35.7% during the 2nd quarter. Intech Investment Management LLC now owns 6,437 shares of the real estate investment trust’s stock worth $953,000 after acquiring an additional 1,695 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Mid-America Apartment Communities by 2.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 87,963 shares of the real estate investment trust’s stock worth $13,019,000 after acquiring an additional 2,297 shares in the last quarter. Swiss National Bank raised its holdings in shares of Mid-America Apartment Communities by 7.3% in the second quarter. Swiss National Bank now owns 353,876 shares of the real estate investment trust’s stock valued at $52,377,000 after purchasing an additional 24,200 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Mid-America Apartment Communities in the second quarter valued at approximately $516,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Insider Activity at Mid-America Apartment Communities

In other news, EVP Robert J. Delpriore sold 5,426 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 owned 3,799 shares of the company’s stock, valued at $518,563.50. This represents a 5.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,079 shares of company stock worth $838,698 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

MAA has been the subject of several recent research reports. Truist Financial reduced their target price on shares of Mid-America Apartment Communities from $146.00 to $142.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Colliers Securities lowered shares of Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. KeyCorp cut their price target on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Barclays reduced their price objective on shares of Mid-America Apartment Communities from $144.00 to $138.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Finally, Morgan Stanley decreased their price objective on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Eight analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $150.05.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $122.42 on Tuesday. The firm has a 50-day moving average of $132.70 and a 200-day moving average of $134.34. Mid-America Apartment Communities, Inc. has a one year low of $121.22 and a one year high of $169.42. The company has a market cap of $14.31 billion, a PE ratio of 32.39 and a beta of 0.79. 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 (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 analysts’ consensus estimates 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 firm had revenue of $555.56 million during the quarter, compared to the consensus estimate of $556.80 million. During the same period in the previous year, the company posted $2.23 earnings per share. 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 analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a $1.53 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $6.12 annualized dividend and a yield of 5.0%. Mid-America Apartment Communities’s dividend payout ratio is currently 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.