Mid-America Apartment Communities, Inc. $MAA Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments trimmed its stake in Mid‑America Apartment Communities (MAA) by 6.0%, selling 45,975 shares and holding 719,664 shares (~0.61%, ~$100.4M); other large moves include Norges Bank opening a ~$795.9M position and Invesco boosting its stake to 1.835M shares, leaving institutional investors with ~93.6% ownership.
• Earnings surprise: MAA reported quarterly EPS of $0.48 versus a $2.22 consensus (a large miss) with revenue roughly in line, but issued guidance of Q1 2026 EPS of 2.05–2.17 and FY2026 EPS of 8.35–8.71.
• Dividend raised: The company increased its quarterly dividend to $1.53 (annualized $6.12) for a ~4.6% yield, though the dividend payout ratio is high at about 161.9%.

Russell Investments Group Ltd. trimmed its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 719,664 shares of the real estate investment trust's stock after selling 45,975 shares during the period. Russell Investments Group Ltd. owned about 0.61% of Mid-America Apartment Communities worth $100,423,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Mid-America Apartment Communities during the second quarter worth $795,893,000. Daiwa Securities Group Inc. lifted its holdings in Mid-America Apartment Communities by 461.9% in the second quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust's stock valued at $106,777,000 after acquiring an additional 593,020 shares during the period. Invesco Ltd. boosted its position in shares of Mid-America Apartment Communities by 30.6% during the 2nd quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust's stock worth $271,659,000 after purchasing an additional 430,398 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth $54,314,000. Finally, First Trust Advisors LP grew its stake in shares of Mid-America Apartment Communities by 416.5% during the 2nd quarter. First Trust Advisors LP now owns 317,163 shares of the real estate investment trust's stock worth $46,943,000 after purchasing an additional 255,758 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAA. Barclays cut their price target on shares of Mid-America Apartment Communities from $144.00 to $138.00 and set an "equal weight" rating for the company in a report on Friday. Royal Bank Of Canada lowered their target price on shares of Mid-America Apartment Communities from $138.00 to $136.00 and set a "sector perform" rating on the stock in a research report on Friday, February 6th. Citigroup dropped their target price on shares of Mid-America Apartment Communities from $155.00 to $148.00 and set a "neutral" rating for the company in a report on Friday, February 13th. UBS Group lifted their price target on shares of Mid-America Apartment Communities from $132.00 to $134.00 and gave the company a "neutral" rating in a research report on Thursday, January 8th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $150.79.

Insider Activity

In related news, EVP Robert J. Delpriore sold 5,426 shares of the 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 sale, the executive vice president owned 49,745 shares of the company's stock, valued at $6,876,251.35. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities 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 sale, the executive vice president owned 3,799 shares of the company's stock, valued at approximately $518,563.50. This represents a 5.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 6,079 shares of company stock worth $838,698 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Mid-America Apartment Communities Stock Down 0.5%

MAA stock opened at $132.15 on Tuesday. 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's 50 day simple moving average is $135.00 and its 200-day simple moving average is $135.58. Mid-America Apartment Communities, Inc. has a 12 month low of $125.75 and a 12 month high of $171.56. The firm has a market capitalization of $15.45 billion, a PE ratio of 34.96, a P/E/G ratio of 2.21 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $555.56 million for the quarter, compared to analyst estimates of $556.80 million. During the same quarter in the prior year, the firm earned $2.23 earnings per share. 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. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were given a $1.53 dividend. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Thursday, January 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 161.90%.

About Mid-America Apartment Communities

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.