Bank of New York Mellon Corp Purchases Shares of 639,057 Mid-America Apartment Communities, Inc. $MAA

Bank of New York Mellon Corp bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 639,057 shares of the real estate investment trust's stock, valued at approximately $88,791,000. Bank of New York Mellon Corp owned approximately 0.55% of Mid-America Apartment Communities as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Physician Wealth Advisors Inc. increased 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 in the last quarter. Values First Advisors Inc. increased its holdings in Mid-America Apartment Communities by 0.5% in the 1st quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust's stock worth $1,889,000 after buying an additional 82 shares in the last quarter. New Mexico Educational Retirement Board raised its position in Mid-America Apartment Communities by 1.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust's stock worth $750,000 after buying an additional 100 shares during the last quarter. Larson Financial Group LLC raised its position in Mid-America Apartment Communities by 1.5% in the 4th quarter. Larson Financial Group LLC now owns 7,008 shares of the real estate investment trust's stock worth $974,000 after buying an additional 102 shares during the last quarter. Finally, World Investment Advisors lifted its stake in Mid-America Apartment Communities by 5.3% during the 1st quarter. World Investment Advisors now owns 2,174 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 110 shares during the period. Institutional investors own 93.60% of the company's stock.

Wall Street Analyst Weigh In

MAA has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, May 14th. Citigroup reissued a "market outperform" rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. BNP Paribas Exane raised Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Piper Sandler reduced their price objective on Mid-America Apartment Communities from $143.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, Wall Street Zen raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average price target of $144.81.

Mid-America Apartment Communities Stock Up 1.4%

NYSE MAA opened at $133.13 on Tuesday. 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 current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock has a market cap of $15.45 billion, a PE ratio of 38.93 and a beta of 0.73. The stock's 50 day moving average is $134.79 and its 200 day moving average is $131.54.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $556.18 million. During the same quarter last year, the business posted $2.15 earnings per share. The company'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. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.

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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