Mid-America Apartment Communities, Inc. $MAA Shares Sold by Lincoln Capital Corp

Key Points

• Lincoln Capital cut its stake in Mid‑America Apartment Communities by 47.4% in Q4, selling 8,336 shares and leaving 9,232 shares worth $1.282M, while institutional ownership overall is about 93.6%.
• MAA reported a quarterly EPS of $0.48 versus analysts' consensus of $2.22 (a large miss) with revenue roughly in line at $555.6M; management guided Q1 2026 EPS to 2.05–2.17 and FY2026 EPS to 8.35–8.71 versus analysts' average forecast of 8.84.
• The company declared a quarterly dividend of $1.53 (annualized $6.12) for a yield of 4.8%, but the dividend payout ratio is a high 161.9%, raising questions about sustainability.

Lincoln Capital Corp cut its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 47.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,232 shares of the real estate investment trust's stock after selling 8,336 shares during the quarter. Lincoln Capital Corp's holdings in Mid-America Apartment Communities were worth $1,282,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Telos Capital Management Inc. grew its holdings in shares of Mid-America Apartment Communities by 17.5% during the fourth quarter. Telos Capital Management Inc. now owns 14,194 shares of the real estate investment trust's stock valued at $1,972,000 after buying an additional 2,109 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in shares of Mid-America Apartment Communities in the fourth quarter worth about $262,000. V Square Quantitative Management LLC acquired a new position in shares of Mid-America Apartment Communities in the fourth quarter worth about $319,000. Maseco LLP purchased a new position in Mid-America Apartment Communities in the 4th quarter valued at about $49,000. Finally, Baker Ellis Asset Management LLC lifted its stake in Mid-America Apartment Communities by 2.8% in the 4th quarter. Baker Ellis Asset Management LLC now owns 48,139 shares of the real estate investment trust's stock valued at $6,687,000 after buying an additional 1,325 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Up 0.6%

Shares of NYSE MAA opened at $126.34 on Friday. The company has a 50 day simple moving average of $129.48 and a 200-day simple moving average of $132.64. The company has a market capitalization of $14.77 billion, a P/E ratio of 33.42 and a beta of 0.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $169.00.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.22 by ($1.74). The firm had revenue of $555.56 million for the quarter, compared to analyst estimates of $556.80 million. Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.23 EPS. 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, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company 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 4.8%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 161.90%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets raised shares of Mid-America Apartment Communities from a "hold" rating to an "outperform" rating and raised their price target for the company from $150.00 to $158.00 in a research note on Friday, January 9th. Cantor Fitzgerald raised their price target on shares of Mid-America Apartment Communities from $137.00 to $141.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Truist Financial decreased their price target on shares of Mid-America Apartment Communities from $142.00 to $136.00 and set a "buy" rating on the stock in a research note on Tuesday, March 31st. Morgan Stanley decreased their price target on shares of Mid-America Apartment Communities from $164.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, March 16th. Finally, Scotiabank cut their price objective on shares of Mid-America Apartment Communities from $140.00 to $138.00 and set a "sector perform" rating for the company in a report on Monday, March 23rd. Eight investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $149.74.

Insider Buying and Selling at Mid-America Apartment Communities

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. Over the last three months, insiders have sold 1,039 shares of company stock worth $129,594. Company insiders own 1.20% of the company's stock.

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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