Bowen Hanes & Co. Inc. Invests $16.76 Million in Mid-America Apartment Communities, Inc. $MAA

Key Points

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Bowen Hanes & Co. Inc. acquired a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 100,000 shares of the real estate investment trust's stock, valued at approximately $16,758,000. Bowen Hanes & Co. Inc. owned 0.09% of Mid-America Apartment Communities at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in Mid-America Apartment Communities by 1.5% in the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock worth $32,214,000 after buying an additional 2,800 shares during the last quarter. Aurora Investment Counsel acquired a new position in Mid-America Apartment Communities in the first quarter worth approximately $1,929,000. Summit Trail Advisors LLC grew its position in Mid-America Apartment Communities by 106.9% in the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock worth $738,000 after buying an additional 2,274 shares during the last quarter. Starwood Capital Group Management L.L.C. grew its position in Mid-America Apartment Communities by 17.7% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock worth $33,914,000 after buying an additional 33,000 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in Mid-America Apartment Communities by 92.0% in the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock worth $4,715,000 after buying an additional 13,482 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MAA shares. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Mizuho raised shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their price objective for the stock from $161.00 to $150.00 in a research note on Thursday, August 14th. JMP Securities lifted their target price on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a research note on Thursday, May 22nd. Evercore ISI decreased their target price on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. Finally, UBS Group decreased their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research note on Tuesday, July 15th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $163.21.

Mid-America Apartment Communities Stock Performance

MAA traded up $1.8790 during trading on Friday, hitting $142.8890. The stock had a trading volume of 849,670 shares, compared to its average volume of 903,128. The firm has a market cap of $16.73 billion, a PE ratio of 29.40, a P/E/G ratio of 3.81 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 12 month low of $137.32 and a 12 month high of $173.38. 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 company has a 50 day simple moving average of $146.92 and a 200-day simple moving average of $155.16.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $2.14 by $0.01. The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $2.22 EPS. 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. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Company 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.