Adelante Capital Management LLC Makes New Investment in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Adelante Capital Management acquired 157,364 shares of Mid-America Apartment Communities, valued at approximately $21.9 million, representing 1.4% of its portfolio and 0.14% of MAA’s outstanding stock.
• Institutional and hedge-fund ownership remains high at 93.6%, with major investors including BlackRock, State Street, Norges Bank, Viking Global Investors and Geode Capital Management.
• MAA shares opened at $131.61, while analysts maintain a consensus “Hold” rating and an average price target of $144.81. The REIT reported quarterly EPS of $2.08, above the $0.76 consensus estimate, with revenue broadly in line with forecasts.

Adelante Capital Management LLC acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 157,364 shares of the real estate investment trust's stock, valued at approximately $21,865,000. Mid-America Apartment Communities comprises 1.4% of Adelante Capital Management LLC's portfolio, making the stock its 21st biggest holding. Adelante Capital Management LLC owned 0.14% of Mid-America Apartment Communities at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Mid-America Apartment Communities during the second quarter worth about $1,820,661,000. State Street Corp boosted its holdings in Mid-America Apartment Communities by 1.6% in the third quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust's stock valued at $1,134,520,000 after purchasing an additional 125,130 shares during the period. Norges Bank acquired a new position in Mid-America Apartment Communities during the 4th quarter worth $750,603,000. Viking Global Investors LP grew its stake in Mid-America Apartment Communities by 46.7% during the 4th quarter. Viking Global Investors LP now owns 3,880,048 shares of the real estate investment trust's stock worth $538,977,000 after purchasing an additional 1,234,966 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Mid-America Apartment Communities by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust's stock worth $473,977,000 after purchasing an additional 40,028 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Down 0.3%

Shares of Mid-America Apartment Communities stock opened at $131.61 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $134.68 and a 200-day simple moving average of $131.52. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 38.48 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a 12-month low of $120.30 and a 12-month high of $146.41.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The firm had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. During the same period last year, the business earned $2.15 EPS. Mid-America Apartment Communities's revenue for the quarter was up 1.0% compared to the same quarter last year. 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. On average, equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MAA has been the subject of several recent research reports. Weiss Ratings upgraded Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 20th. UBS Group cut their target price on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, May 14th. Cantor Fitzgerald raised their target price on shares of Mid-America Apartment Communities from $132.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Citigroup reiterated a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. Finally, Truist Financial boosted their price target on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of "Hold" and an average target price of $144.81.

Mid-America Apartment Communities Company 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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