Flputnam Investment Management Co. Decreases Stock Position in Mid-America Apartment Communities, Inc. $MAA

Flputnam Investment Management Co. lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 86.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,459 shares of the real estate investment trust’s stock after selling 35,555 shares during the quarter. Flputnam Investment Management Co.’s holdings in Mid-America Apartment Communities were worth $758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAA. Allstate Corp increased its stake in Mid-America Apartment Communities by 96.1% in the fourth quarter. Allstate Corp now owns 8,850 shares of the real estate investment trust’s stock worth $1,229,000 after purchasing an additional 4,336 shares during the period. Clearstead Advisors LLC increased its stake in Mid-America Apartment Communities by 141.7% in the fourth quarter. Clearstead Advisors LLC now owns 348 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 204 shares during the period. Hantz Financial Services Inc. increased its stake in Mid-America Apartment Communities by 231.4% in the fourth quarter. Hantz Financial Services Inc. now owns 454 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 317 shares during the period. Delta Asset Management LLC TN increased its stake in Mid-America Apartment Communities by 2.9% in the fourth quarter. Delta Asset Management LLC TN now owns 12,844 shares of the real estate investment trust’s stock worth $1,784,000 after purchasing an additional 360 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Mid-America Apartment Communities in the fourth quarter worth $255,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, Director Tamara D. Fischer acquired 1,100 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $128.55 per share, with a total value of $141,405.00. Following the completion of the transaction, the director directly owned 1,100 shares in the company, valued at $141,405. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amber Fairbanks sold 711 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $124.73, for a total value of $88,683.03. Following the sale, the executive vice president directly owned 4,471 shares in the company, valued at approximately $557,667.83. The trade was a 13.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders have sold 1,039 shares of company stock worth $129,594. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Colliers Securities lowered Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. Wells Fargo & Company reduced 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 note on Thursday, April 23rd. UBS Group reduced their target price on Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. KeyCorp reduced their target price on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Finally, Truist Financial reduced their target price on Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average target price of $143.44.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $129.02 on Friday. The firm has a market cap of $15.02 billion, a P/E ratio of 39.10 and a beta of 0.77. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. Mid-America Apartment Communities, Inc. has a 12 month low of $120.30 and a 12 month high of $156.76. The stock’s fifty day moving average price is $126.66 and its 200-day moving average price is $131.37.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, beating the consensus estimate of $0.83 by $1.30. The firm had revenue of $553.73 million for the quarter, compared to analyst estimates of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 earnings per share. 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, equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $1.53 per share. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.7%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 185.45%.

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.