Mid-America Apartment Communities, Inc. $MAA Shares Sold by Capital World Investors

Key Points

• Capital World Investors sharply reduced its Mid-America Apartment Communities stake by 97.1% in the fourth quarter, selling more than 7.6 million shares and leaving it with 229,144 shares valued at about $31.8 million.
• The apartment REIT beat earnings expectations for the latest quarter, reporting $2.13 per share versus the $0.83 estimate, while revenue came in roughly in line with forecasts. Management also guided Q2 2026 EPS at $2.00-$2.12 and full-year 2026 EPS at $8.37-$8.69.
• Mid-America Apartment Communities declared a quarterly dividend of $1.53 per share, equal to an annualized yield of about 4.4%. Analyst sentiment remains mixed, with an overall Hold rating and an average price target of $143.44.

Capital World Investors lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 97.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 229,144 shares of the real estate investment trust's stock after selling 7,642,098 shares during the period. Capital World Investors owned 0.20% of Mid-America Apartment Communities worth $31,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Quinn Opportunity Partners LLC raised its holdings in Mid-America Apartment Communities by 97.5% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 199,500 shares of the real estate investment trust's stock valued at $27,876,000 after acquiring an additional 98,500 shares during the last quarter. Algebris UK Ltd. raised its holdings in Mid-America Apartment Communities by 27.5% in the 4th quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust's stock valued at $18,358,000 after acquiring an additional 28,528 shares during the last quarter. Symmetry Partners LLC acquired a new stake in Mid-America Apartment Communities in the 4th quarter valued at about $1,126,000. Illinois Municipal Retirement Fund raised its holdings in 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 valued at $11,949,000 after acquiring an additional 35,740 shares during the last quarter. Finally, Bayhunt Capital LLC acquired a new stake in Mid-America Apartment Communities in the 4th quarter valued at about $8,619,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $138.75 on Wednesday. The firm has a 50 day simple moving average of $128.37 and a 200-day simple moving average of $131.56. Mid-America Apartment Communities, Inc. has a 1-year low of $120.30 and a 1-year high of $153.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 42.04 and a beta of 0.76.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $553.73 million during the quarter, compared to analysts' expectations of $555.75 million. During the same quarter in the prior year, the company posted $2.20 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. 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. On average, analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $1.53 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.4%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 185.45%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MAA. Wells Fargo & Company cut their price objective on shares of Mid-America Apartment Communities from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Thursday, April 23rd. Scotiabank reiterated a "sector underperform" rating and issued a $120.00 price objective (down from $138.00) on shares of Mid-America Apartment Communities in a report on Thursday, May 14th. Barclays increased their price objective on shares of Mid-America Apartment Communities from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, May 11th. Cantor Fitzgerald dropped their price target on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a "neutral" rating for the company in a research note on Monday, May 4th. Finally, Truist Financial dropped their price target on shares of Mid-America Apartment Communities from $142.00 to $136.00 and set a "buy" rating for the company in a research note on Tuesday, March 31st. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $143.44.

Insider Buying and Selling

In related news, EVP Amber Fairbanks sold 711 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the completion of the transaction, the executive vice president owned 4,471 shares of the company's stock, valued at approximately $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 accessible 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. Also, Director Tamara D. Fischer acquired 1,100 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $128.55 per share, with a total value of $141,405.00. Following the transaction, the director directly owned 1,100 shares in the company, valued at $141,405. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 1,039 shares of company stock valued at $129,594 in the last ninety days. 0.60% of the stock is currently owned by corporate 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.

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