State of New Jersey Common Pension Fund D Sells 4,870 Shares of Mid-America Apartment Communities, Inc. $MAA

State of New Jersey Common Pension Fund D trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,021 shares of the real estate investment trust’s stock after selling 4,870 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Mid-America Apartment Communities were worth $4,170,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MAA. Viking Global Investors LP bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Mid-America Apartment Communities by 621.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock valued at $168,805,000 after purchasing an additional 1,040,525 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $54,314,000. UBS Group AG lifted its holdings in shares of Mid-America Apartment Communities by 65.7% in the third quarter. UBS Group AG now owns 712,167 shares of the real estate investment trust’s stock valued at $99,511,000 after purchasing an additional 282,278 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Mid-America Apartment Communities by 1,766.5% in the fourth quarter. Teacher Retirement System of Texas now owns 286,189 shares of the real estate investment trust’s stock valued at $39,755,000 after purchasing an additional 270,856 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Insider Activity at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $124.73, for a total value of $88,683.03. Following the transaction, the executive vice president owned 4,471 shares of the company’s stock, valued at approximately $557,667.83. This represents a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,039 shares of company stock valued at $129,594 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $129.06 on Tuesday. The business’s 50 day moving average price is $127.39 and its two-hundred day moving average price is $131.54. The company has a market cap of $15.09 billion, a PE ratio of 39.11 and a beta of 0.77. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.99. Mid-America Apartment Communities, Inc. has a twelve month low of $120.30 and a twelve month high of $167.74.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $1.30. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The firm had revenue of $553.73 million for the quarter, compared to the consensus estimate of $555.75 million. During the same quarter in the previous year, the business earned $2.20 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. On average, analysts predict that Mid-America Apartment Communities, Inc. will post 8.53 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were given a $1.53 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.7%. Mid-America Apartment Communities’s dividend payout ratio is presently 185.45%.

Analyst Ratings Changes

A number of analysts have recently commented on MAA shares. Royal Bank Of Canada cut their price target on Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating on the stock in a report on Friday, February 6th. Citigroup lowered their target price on Mid-America Apartment Communities from $155.00 to $148.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Wall Street Zen raised Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Finally, Colliers Securities downgraded Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average price target of $147.94.

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.