Mid-America Apartment Communities, Inc. $MAA Shares Sold by Carronade Capital Management LP

Carronade Capital Management LP reduced its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 99.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,184 shares of the real estate investment trust’s stock after selling 20,200,000 shares during the period. Mid-America Apartment Communities makes up approximately 0.1% of Carronade Capital Management LP’s portfolio, making the stock its 22nd largest position. Carronade Capital Management LP’s holdings in Mid-America Apartment Communities were worth $6,034,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Mid-America Apartment Communities by 1.8% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,600 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 83 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 7.1% in the third quarter. Profund Advisors LLC now owns 1,627 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 108 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Mid-America Apartment Communities by 4.0% in the third quarter. Signaturefd LLC now owns 2,825 shares of the real estate investment trust’s stock valued at $395,000 after buying an additional 109 shares in the last quarter. GeoWealth Management LLC grew its holdings in Mid-America Apartment Communities by 3.3% during the third quarter. GeoWealth Management LLC now owns 3,575 shares of the real estate investment trust’s stock worth $500,000 after acquiring an additional 115 shares during the period. Finally, Portside Wealth Group LLC grew its holdings in Mid-America Apartment Communities by 2.1% during the third quarter. Portside Wealth Group LLC now owns 5,821 shares of the real estate investment trust’s stock worth $813,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 1.1%

Shares of MAA stock opened at $126.36 on Friday. The stock has a market cap of $14.77 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.10 and a beta of 0.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.93. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $169.42. The business has a fifty day simple moving average of $134.10 and a 200-day simple moving average of $135.22.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $2.22 by ($1.74). Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The business had revenue of $555.56 million during the quarter, compared to analysts’ expectations of $556.80 million. During the same quarter in the prior year, the firm earned $2.23 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up 1.0% on a year-over-year basis. 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. On average, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were given a $1.53 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 161.90%.

Analyst Ratings Changes

A number of equities research analysts have commented on MAA shares. Royal Bank Of Canada reduced their target price on Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Friday, February 6th. KeyCorp cut their price target on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. UBS Group raised their price objective on shares of Mid-America Apartment Communities from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Mizuho boosted their price objective on shares of Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Barclays lowered their target price on shares of Mid-America Apartment Communities from $144.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Eight investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $150.58.

Insider Activity at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 233 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total transaction of $31,804.50. Following the completion of the transaction, the executive vice president directly owned 3,799 shares of the company’s stock, valued at $518,563.50. This trade represents a 5.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert J. Delpriore sold 5,426 shares of Mid-America Apartment Communities 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 transaction, the executive vice president owned 49,745 shares of the company’s stock, valued at $6,876,251.35. This represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,079 shares of company stock worth $838,698 over the last quarter. Company insiders own 1.20% of the company’s stock.

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.