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

by · The Markets Daily

QRG Capital Management Inc. lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) by 26.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 17,031 shares of the real estate investment trust’s stock after selling 6,211 shares during the quarter. QRG Capital Management Inc.’s holdings in Mid-America Apartment Communities were worth $2,080,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. HB Wealth Management LLC increased its holdings in shares of Mid-America Apartment Communities by 5.4% during the first quarter. HB Wealth Management LLC now owns 14,786 shares of the real estate investment trust’s stock valued at $1,806,000 after acquiring an additional 758 shares in the last quarter. IRON Financial LLC boosted its stake in Mid-America Apartment Communities by 9.2% in the 1st quarter. IRON Financial LLC now owns 1,691 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 143 shares in the last quarter. World Investment Advisors boosted its stake in Mid-America Apartment Communities by 5.3% in the 1st quarter. World Investment Advisors now owns 2,174 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 110 shares in the last quarter. Private Advisor Group LLC grew its position in Mid-America Apartment Communities by 132.8% during the 1st quarter. Private Advisor Group LLC now owns 4,711 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 2,687 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Mid-America Apartment Communities during the 1st quarter worth approximately $1,467,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA traded up $3.60 on Tuesday, hitting $144.38. 60,630 shares of the company’s stock traded hands, compared to its average volume of 977,700. The firm’s 50-day moving average price is $133.11 and its two-hundred day moving average price is $132.12. The firm has a market capitalization of $16.80 billion, a PE ratio of 43.76 and a beta of 0.74. 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 1-year low of $120.30 and a 1-year high of $153.93.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The firm had revenue of $553.73 million for the quarter, compared to analyst estimates of $555.75 million. During the same quarter in the prior year, the business earned $2.20 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. 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. As a group, analysts expect that Mid-America Apartment Communities, Inc. will post 8.5 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $1.53 dividend. This represents a $6.12 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Mid-America Apartment Communities’s payout ratio is 185.45%.

Insider Buying and Selling

In related news, Director Tamara D. Fischer purchased 1,100 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the transaction, the director owned 1,100 shares in the company, valued at $141,405. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MAA has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on shares of Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Mizuho upped their target price on Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Barclays raised their target price on Mid-America Apartment Communities from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Scotiabank lifted their price target on Mid-America Apartment Communities from $120.00 to $129.00 and gave the stock a “sector underperform” rating in a research report on Thursday, June 18th. Finally, Wells Fargo & Company dropped their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $144.69.

Read Our Latest Report on Mid-America Apartment Communities

About Mid-America Apartment Communities

(Free Report)

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.

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