Jennison Associates LLC Has $28.96 Million Stock Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Jennison Associates increased its stake in Mid‑America Apartment Communities by 3,112.4% to 208,484 shares (about $28.96M) in Q4, and institutional/hedge funds now own roughly 93.6% of the company.
• MAA reported an EPS beat ( $2.13 vs. $0.83 expected) while revenue was slightly below estimates, provided Q2 and FY2026 EPS guidance, and carries a consensus analyst rating of "Hold" with an average price target of $148.44.
• The company pays a quarterly dividend of $1.53 (annualized $6.12) for a yield of 4.8%, but the dividend payout ratio is high at 185.45%, indicating potential sustainability risk.

Jennison Associates LLC grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3,112.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,484 shares of the real estate investment trust's stock after buying an additional 201,994 shares during the quarter. Jennison Associates LLC owned 0.18% of Mid-America Apartment Communities worth $28,961,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Appleton Partners Inc. MA bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $915,000. Algebris UK Ltd. bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $14,461,000. Illinois Municipal Retirement Fund grew its position in shares of Mid-America Apartment Communities by 71.8% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 85,518 shares of the real estate investment trust's stock worth $11,949,000 after buying an additional 35,740 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Mid-America Apartment Communities by 42.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 31,122 shares of the real estate investment trust's stock worth $4,349,000 after buying an additional 9,318 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its position in shares of Mid-America Apartment Communities by 43.4% in the 3rd quarter. Centersquare Investment Management LLC now owns 178,050 shares of the real estate investment trust's stock worth $24,879,000 after buying an additional 53,900 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Mid-America Apartment Communities in a research report on Friday, March 27th. Wells Fargo & Company cut their price objective on Mid-America Apartment Communities from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Thursday, April 23rd. Mizuho lifted their price objective on Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, January 12th. Truist Financial cut their price objective on Mid-America Apartment Communities from $142.00 to $136.00 and set a "buy" rating on the stock in a research report on Tuesday, March 31st. Finally, Morgan Stanley cut their price objective on Mid-America Apartment Communities from $164.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, March 16th. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of "Hold" and an average price target of $148.44.

Insider Activity at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 711 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $124.73, for a total value of $88,683.03. Following the completion of the transaction, the executive vice president owned 4,471 shares in the company, valued at $557,667.83. This trade represents a 13.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 three months, insiders sold 1,039 shares of company stock valued at $129,594. Company insiders own 0.60% of the company's stock.

Mid-America Apartment Communities Trading Down 0.4%

MAA opened at $128.65 on Friday. The stock has a market cap of $15.04 billion, a PE ratio of 38.98 and a beta of 0.80. The company has a quick ratio of 0.10, a current ratio of 0.13 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average of $127.39 and a 200-day moving average of $131.58. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $169.00.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $1.30. The company had revenue of $553.73 million during the quarter, compared to analysts' expectations of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. 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. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.53 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were paid a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Wednesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 185.45%.

Mid-America Apartment Communities 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.

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