California State Teachers Retirement System Boosts Stake in Mid-America Apartment Communities, Inc. $MAA

California State Teachers Retirement System raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 14.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,930 shares of the real estate investment trust's stock after buying an additional 25,720 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Mid-America Apartment Communities worth $27,639,334 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAA. BlackRock Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $1,820,661,000. Norges Bank acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $750,603,000. Swiss Life Asset Management Ltd raised its stake in Mid-America Apartment Communities by 466.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 45,424 shares of the real estate investment trust's stock worth $6,310,000 after buying an additional 37,405 shares during the period. Algebris UK Ltd. boosted its holdings in shares of Mid-America Apartment Communities by 27.5% in the 4th quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust's stock valued at $18,358,000 after buying an additional 28,528 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Mid-America Apartment Communities by 4.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust's stock valued at $30,083,000 after acquiring an additional 8,724 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

NYSE MAA traded down $1.08 on Tuesday, hitting $124.52. 269,710 shares of the company's stock were exchanged, compared to its average volume of 978,855. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 36.40 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $144.41. 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 50-day moving average of $132.11 and a 200-day moving average of $130.91.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $1.32. The business had revenue of $555.13 million during 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 business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. 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. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a "hold" rating in a research report on Wednesday, July 22nd. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. BNP Paribas Exane raised Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $143.75.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA's portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

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