Amundi Grows Position in Mid-America Apartment Communities, Inc. $MAA

Amundi boosted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 31.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 677,443 shares of the real estate investment trust's stock after purchasing an additional 160,210 shares during the period. Amundi owned approximately 0.58% of Mid-America Apartment Communities worth $94,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAA. Elevation Wealth Partners LLC increased its holdings 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 valued at $28,000 after purchasing an additional 172 shares in the last quarter. Raiffeisen Bank International AG boosted its position in shares of Mid-America Apartment Communities by 116.7% in the second quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust's stock worth $31,000 after buying an additional 119 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at about $32,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $33,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $37,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Down 0.3%

Shares of NYSE MAA opened at $127.55 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $145.80. The stock's 50-day simple moving average is $133.11 and its 200-day simple moving average is $131.09. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 37.30 and a beta of 0.73.

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

Analyst Ratings Changes

Several research firms recently commented on MAA. Truist Financial boosted their price target on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Morgan Stanley lowered their price objective on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an "overweight" rating for the company in a research report on Wednesday, August 12th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a "hold" rating in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Eight investment 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $143.94.

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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