American Century Companies Inc. Grows Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• American Century Companies Inc. increased its stake in Mid-America Apartment Communities, Inc. by 592.0% in the first quarter, now owning approximately 0.24% of the company worth $46.3 million.
• Multiple institutional investors have significantly boosted their stakes in Mid-America Apartment Communities, with hedge funds and other investors owning 93.60% of the stock.
• Recent analyst ratings on Mid-America Apartment Communities reflect a consensus rating of "Hold", with price targets decreasing from previous highs.

American Century Companies Inc. raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 592.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,307 shares of the real estate investment trust's stock after purchasing an additional 236,380 shares during the period. American Century Companies Inc. owned 0.24% of Mid-America Apartment Communities worth $46,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MAA. Larson Financial Group LLC lifted its holdings in Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 91 shares in the last quarter. Financial Network Wealth Advisors LLC purchased a new position in Mid-America Apartment Communities during the first quarter valued at $29,000. CoreCap Advisors LLC lifted its holdings in Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 112 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Mid-America Apartment Communities during the first quarter valued at $38,000. Finally, GoalVest Advisory LLC lifted its holdings in Mid-America Apartment Communities by 200.0% during the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 160 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MAA. Scotiabank decreased their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 14th. KeyCorp decreased their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Royal Bank Of Canada decreased their price target on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. JMP Securities raised 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. Finally, Piper Sandler decreased their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $163.21.

Mid-America Apartment Communities Trading Up 1.3%

MAA stock traded up $1.8790 during trading on Friday, reaching $142.8890. 849,670 shares of the stock were exchanged, compared to its average volume of 925,204. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $146.78 and a 200-day moving average price of $155.08. Mid-America Apartment Communities, Inc. has a 1 year low of $137.32 and a 1 year high of $173.38. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 3.77 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 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 for the quarter, compared to the consensus estimate of $552.19 million. During the same period in the previous year, the firm earned $2.22 earnings per share. Mid-America Apartment Communities's quarterly revenue was up .6% compared to the same quarter last year. 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. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities 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.