11,527 Shares in Mid-America Apartment Communities, Inc. $MAA Purchased by Korea Investment CORP

Key Points

• Korea Investment CORP acquired 11,527 shares of Mid-America Apartment Communities, valued at approximately $1.6 million, during the second quarter. Institutional investors collectively own 93.6% of MAA’s outstanding shares.
• Analyst sentiment remains mixed: eight analysts rate MAA a Buy, eleven rate it a Hold and one rates it a Sell, resulting in a consensus “Hold” rating and an average price target of $144.81.
• MAA shares opened at $132.09, while the company reported quarterly EPS of $2.08, exceeding estimates of $0.76. Revenue was $555.13 million, roughly in line with forecasts and up 1% year over year.

Korea Investment CORP acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,527 shares of the real estate investment trust's stock, valued at approximately $1,602,000.

A number of other hedge funds also recently bought and sold shares of MAA. Physician Wealth Advisors Inc. raised its holdings in shares of Mid-America Apartment Communities by 65.2% during the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 75 shares during the period. Elevation Wealth Partners LLC boosted its stake in Mid-America Apartment Communities by 593.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 172 shares during the period. Nalls Sherbakoff Group LLC purchased a new position in Mid-America Apartment Communities during the 4th quarter worth approximately $32,000. Measured Wealth Private Client Group LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $33,000. Finally, Hurley Capital LLC raised its stake in Mid-America Apartment Communities by 70.4% during the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 112 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MAA shares. Scotiabank decreased their target price on Mid-America Apartment Communities from $137.00 to $134.00 and set a "sector underperform" rating for the company in a research report on Tuesday, August 4th. Wall Street Zen raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Mizuho increased their price objective on Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 20th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $144.81.

Mid-America Apartment Communities Trading Down 0.8%

Mid-America Apartment Communities stock opened at $132.09 on Wednesday. Mid-America Apartment Communities, Inc. has a 12 month low of $120.30 and a 12 month high of $146.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock has a market cap of $15.33 billion, a P/E ratio of 38.62 and a beta of 0.73. The company's fifty day simple moving average is $134.71 and its 200-day simple moving average is $131.52.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.Mid-America Apartment Communities's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.15 earnings per share. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. As a group, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.

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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