Northwestern Mutual Wealth Management Co. Trims Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Northwestern Mutual Wealth Management cut its stake in Mid-America Apartment Communities by 61.9% in the fourth quarter, selling 24,005 shares and leaving it with 14,793 shares worth about $2.1 million.
• MAA reported stronger-than-expected quarterly earnings of $2.13 per share, well above the $0.83 consensus estimate, while revenue came in slightly below expectations at $553.7 million.
• The REIT also announced a quarterly dividend of $1.53 per share, payable July 31, implying an annualized yield of about 4.7%.

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 61.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,793 shares of the real estate investment trust's stock after selling 24,005 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Mid-America Apartment Communities were worth $2,055,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. State Street Corp lifted its stake in shares of Mid-America Apartment Communities by 1.6% during the 3rd quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust's stock worth $1,134,520,000 after purchasing an additional 125,130 shares during the period. Viking Global Investors LP purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $369,597,000. Northern Trust Corp lifted its stake in shares of Mid-America Apartment Communities by 1.2% during the 3rd quarter. Northern Trust Corp now owns 2,145,203 shares of the real estate investment trust's stock worth $299,749,000 after purchasing an additional 26,221 shares during the period. Invesco Ltd. lifted its stake in shares of Mid-America Apartment Communities by 10.0% during the 3rd quarter. Invesco Ltd. now owns 2,019,861 shares of the real estate investment trust's stock worth $282,235,000 after purchasing an additional 184,453 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Mid-America Apartment Communities by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,694,713 shares of the real estate investment trust's stock worth $236,798,000 after purchasing an additional 9,197 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Down 0.3%

Shares of MAA opened at $130.74 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $15.22 billion, a P/E ratio of 39.62 and a beta of 0.77. The stock's fifty day simple moving average is $126.46 and its 200 day simple moving average is $131.35. Mid-America Apartment Communities, Inc. has a twelve month low of $120.30 and a twelve month high of $156.76.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, beating the consensus estimate of $0.83 by $1.30. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The company had revenue of $553.73 million for the quarter, compared to analyst estimates of $555.75 million. During the same period last year, the company posted $2.20 earnings per share. The firm's 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. On average, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share 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. Shareholders of record on Wednesday, July 15th will be given a $1.53 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 annualized dividend and a yield of 4.7%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 185.45%.

Insider Activity

In related news, Director Tamara D. Fischer acquired 1,100 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 1,100 shares of the company's stock, valued at $141,405. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Amber Fairbanks sold 711 shares of the firm's stock in a transaction dated Monday, April 6th. The shares were 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 directly owned 4,471 shares in the company, valued at $557,667.83. This trade represents a 13.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold 1,039 shares of company stock worth $129,594 over the last three months. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MAA. Cantor Fitzgerald cut their target price on Mid-America Apartment Communities from $141.00 to $132.00 and set a "neutral" rating on the stock in a research report on Monday, May 4th. Barclays increased 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 report on Monday, May 11th. UBS Group cut their target price on Mid-America Apartment Communities from $134.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, May 14th. Wells Fargo & Company cut their target price 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. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Mid-America Apartment Communities in a research report on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $143.44.

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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