Bank of Nova Scotia Purchases New Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Bank of Nova Scotia acquired 24,762 MAA shares worth approximately $3.45 million in the second quarter. Institutional investors now own 93.6% of Mid-America Apartment Communities.
• MAA reported quarterly EPS of $2.08, beating consensus by $1.32, while revenue reached $555.13 million and increased 1% year over year. The company issued fiscal 2026 EPS guidance of $8.41 to $8.65.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $144.81, compared with the stock’s reported price of $132.09.

Bank of Nova Scotia acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 24,762 shares of the real estate investment trust's stock, valued at approximately $3,449,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commerce Bank purchased a new stake in Mid-America Apartment Communities in the 2nd quarter valued at approximately $1,135,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $5,347,000. Quantbot Technologies LP purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $59,000. Evolve Private Wealth LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $304,000. Finally, Farringdon Capital Ltd. acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $291,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $132.09 on Wednesday. Mid-America Apartment Communities, Inc. has a one year low of $120.30 and a one year high of $146.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50 day moving average price of $134.71 and a 200 day moving average price of $131.52. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 38.62 and a beta of 0.73.

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 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $1.32. The company had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $2.15 EPS. 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. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAA. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. BNP Paribas Exane upgraded Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Scotiabank lowered their target price on Mid-America Apartment Communities from $137.00 to $134.00 and set a "sector underperform" rating on the stock in a report on Tuesday, August 4th. Wells Fargo & Company upped their target price on Mid-America Apartment Communities from $140.00 to $148.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. assumed coverage on Mid-America Apartment Communities in a research report on Thursday, July 16th. They issued a "neutral" rating and a $147.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $144.81.

Mid-America Apartment Communities 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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