Mid-America Apartment Communities, Inc. $MAA Shares Purchased by Davis Selected Advisers

Davis Selected Advisers grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 14.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 60,860 shares of the real estate investment trust’s stock after purchasing an additional 7,810 shares during the quarter. Davis Selected Advisers owned 0.05% of Mid-America Apartment Communities worth $8,504,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAA. Elevation Point Wealth Partners LLC acquired a new stake in Mid-America Apartment Communities in the 2nd quarter valued at about $25,000. Tobam bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $33,000. Sentry Investment Management LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $36,000. Finally, United Community Bank raised its holdings in shares of Mid-America Apartment Communities by 1,000.0% in the 3rd quarter. United Community Bank now owns 297 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

MAA has been the subject of a number of research reports. BTIG Research reduced their target price on shares of Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Truist Financial dropped their price target on Mid-America Apartment Communities from $146.00 to $142.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Evercore cut their price objective on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. KeyCorp reduced their price objective on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Finally, BMO Capital Markets upgraded Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $158.00 in a report on Friday, January 9th. Eight analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average price target of $150.16.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $125.88 on Thursday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.62 and a fifty-two week high of $169.42. The firm’s 50 day simple moving average is $133.50 and its 200-day simple moving average is $134.85. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market cap of $14.72 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $555.56 million during the quarter, compared to analyst estimates of $556.80 million. During the same period in the prior year, the business posted $2.23 EPS. The company’s revenue for the quarter 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. As a group, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $1.53 per share. The ex-dividend date is Wednesday, April 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.9%. Mid-America Apartment Communities’s payout ratio is currently 161.90%.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, EVP Robert J. Delpriore sold 5,426 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total transaction of $750,035.98. Following the transaction, the executive vice president directly owned 49,745 shares of the company’s stock, valued at approximately $6,876,251.35. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amber Fairbanks sold 233 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total value of $31,804.50. Following the completion of the sale, the executive vice president directly owned 3,799 shares of the company’s stock, valued at approximately $518,563.50. This represents a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,079 shares of company stock worth $838,698 over the last three months. 1.20% of the stock is owned by insiders.

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.