~4.65% yield plus insider buying at a five-year low.
MAA looks mispriced at a ~4.65% starting yield and insider-buying at the lowest price in five years, despite Sunbelt oversupply risk.
MAA’s dividend has kept rising while the stock fell sharply, giving a ~4.65% starting yield as insiders return with multiple purchases. The main pushback is Sunbelt apartment oversupply, which pressured rent growth and raised the payout burden.