TT Capital Management LLC Purchases 6,735 Shares of Mid-America Apartment Communities, Inc. $MAA

TT Capital Management LLC boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 31.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,390 shares of the real estate investment trust’s stock after acquiring an additional 6,735 shares during the period. Mid-America Apartment Communities accounts for about 1.7% of TT Capital Management LLC’s holdings, making the stock its 11th biggest position. TT Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $3,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC increased its holdings in shares of Mid-America Apartment Communities by 593.1% in the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 172 shares during the period. Raiffeisen Bank International AG increased its stake in Mid-America Apartment Communities by 116.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 119 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in Mid-America Apartment Communities in the 4th quarter worth about $32,000. Root Financial Partners LLC raised its stake in Mid-America Apartment Communities by 3,100.0% in the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 279 shares in the last quarter. Finally, Transamerica Financial Advisors LLC purchased a new position in Mid-America Apartment Communities in the 2nd quarter worth approximately $37,000. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MAA shares. Wells Fargo & Company dropped their price objective on shares of Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. BNP Paribas Exane upgraded Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Mizuho cut their target price on Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, September 8th. Barclays reduced their price objective on Mid-America Apartment Communities from $146.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and a consensus price target of $139.56.

Mid-America Apartment Communities Stock Up 0.5%

MAA traded up $0.58 during midday trading on Thursday, reaching $116.20. The company’s stock had a trading volume of 426,102 shares, compared to its average volume of 1,010,307. Mid-America Apartment Communities, Inc. has a 1 year low of $113.95 and a 1 year high of $144.41. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 33.95 and a beta of 0.75. The stock’s 50-day moving average is $124.82 and its 200-day moving average is $129.24.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The firm had revenue of $555.13 million for the quarter, compared to analysts’ expectations of $556.18 million. During the same quarter in the prior year, the company posted $2.15 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. 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. As a group, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

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

Mid-America Apartment Communities Company Profile

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.