Jump Financial LLC Purchases New Shares in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Jump Financial LLC acquired 9,042 shares of Mid-America Apartment Communities, Inc. valued at approximately $1.515 million in the first quarter.
• Institutional investors currently own 93.60% of the stock, indicating significant institutional interest in MAA.
• Mid-America Apartment Communities reported Q2 EPS of $2.15, surpassing the consensus estimate of $2.14, with a net margin of 25.98%.

Jump Financial LLC acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,042 shares of the real estate investment trust's stock, valued at approximately $1,515,000.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 91 shares during the last quarter. Financial Network Wealth Advisors LLC bought a new stake in Mid-America Apartment Communities in the first quarter worth $29,000. AlphaQuest LLC bought a new stake in Mid-America Apartment Communities in the first quarter worth $34,000. CoreCap Advisors LLC lifted its stake in Mid-America Apartment Communities by 94.9% in the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Mid-America Apartment Communities in the first quarter worth $38,000. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Trading Up 1.2%

Shares of NYSE:MAA traded up $1.74 during midday trading on Monday, hitting $145.87. 594,416 shares of the stock traded hands, compared to its average volume of 837,761. Mid-America Apartment Communities, Inc. has a one year low of $137.32 and a one year high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The business's 50 day moving average is $146.27 and its two-hundred day moving average is $154.59. The stock has a market capitalization of $17.08 billion, a PE ratio of 30.01, a P/E/G ratio of 3.90 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same period in the prior year, the firm earned $2.22 earnings per share. Mid-America Apartment Communities's revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. As a group, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on MAA. JMP Securities boosted their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lowered their price target on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target for the company. in a research note on Friday, July 11th. Wells Fargo & Company lowered their price target on shares of Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Finally, Evercore ISI lowered their price target on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $162.79.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.