Mid-America Apartment Communities, Inc. $MAA Stock Purchased by Lincoln Capital Corp

Lincoln Capital Corp lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 63.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,107 shares of the real estate investment trust’s stock after buying an additional 4,721 shares during the quarter. Lincoln Capital Corp’s holdings in Mid-America Apartment Communities were worth $1,425,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MAA. Steel Grove Capital Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 27.0% in the third quarter. Steel Grove Capital Advisors LLC now owns 6,397 shares of the real estate investment trust’s stock valued at $753,000 after purchasing an additional 1,359 shares in the last quarter. Pacifica Partners Inc. increased its position in shares of Mid-America Apartment Communities by 34.4% in the third quarter. Pacifica Partners Inc. now owns 15,550 shares of the real estate investment trust’s stock valued at $1,810,000 after acquiring an additional 3,981 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in Mid-America Apartment Communities by 87.1% in the third quarter. Elevation Wealth Partners LLC now owns 376 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 175 shares in the last quarter. Ables Iannone Moore & Associates Inc. increased its position in shares of Mid-America Apartment Communities by 27.6% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 8,153 shares of the real estate investment trust’s stock worth $960,000 after purchasing an additional 1,761 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Mid-America Apartment Communities by 11.8% during the 2nd quarter. QRG Capital Management Inc. now owns 19,034 shares of the real estate investment trust’s stock worth $2,645,000 after purchasing an additional 2,003 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded down $0.13 on Tuesday, reaching $116.40. 674,617 shares of the company’s stock were exchanged, compared to its average volume of 1,015,115. Mid-America Apartment Communities, Inc. has a twelve month low of $113.95 and a twelve month high of $144.41. The company has a fifty day moving average of $125.54 and a 200-day moving average of $129.32. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 34.03 and a beta of 0.75. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. The company had revenue of $555.13 million during the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.15 earnings per share. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 5.3%. The ex-dividend date is Thursday, October 15th. Mid-America Apartment Communities’s payout ratio is currently 178.95%.

Analysts Set New Price Targets

MAA has been the topic of several analyst reports. Mizuho dropped their price target on shares of Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 8th. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, September 2nd. Morgan Stanley dropped their price objective on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of Mid-America Apartment Communities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Barclays lowered their price target on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $140.56.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.