Cibc World Market Inc. Takes Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Cibc World Market Inc. bought 33,176 shares of Mid-America Apartment Communities in the second quarter, valued at approximately $4.6 million. Institutional investors collectively own 93.6% of MAA’s stock.
• MAA reported quarterly earnings of $2.08 per share, exceeding analyst expectations of $0.76, while revenue totaled $555.1 million and rose 1% year over year.
• Shares opened at $132.09, below the analyst consensus target of $144.81. Analysts’ overall rating remains “Hold,” with eight Buy, 11 Hold and one Sell rating.

Cibc World Market Inc. bought a new position 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 fund bought 33,176 shares of the real estate investment trust's stock, valued at approximately $4,609,000.

Several other large investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. raised its holdings in Mid-America Apartment Communities by 65.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of 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 during the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $32,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $33,000. Finally, Root Financial Partners LLC raised its stake in shares of Mid-America Apartment Communities by 3,100.0% during the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust's stock worth $35,000 after buying an additional 279 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Down 0.8%

Shares of NYSE:MAA opened at $132.09 on Wednesday. The company has a 50 day moving average price of $134.71 and a two-hundred day moving average price of $131.52. 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 market capitalization of $15.33 billion, a PE ratio of 38.62 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 $146.41.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $555.13 million for the quarter, compared to analysts' expectations of $556.18 million. During the same period last year, the firm posted $2.15 earnings per share. The business's quarterly revenue 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. Analysts forecast that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

MAA has been the topic of a number of recent research reports. Jefferies Financial Group raised shares of Mid-America Apartment Communities to a "hold" rating in a research note on Wednesday, July 22nd. UBS Group cut their price target on Mid-America Apartment Communities from $134.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, May 14th. Morgan Stanley reduced their price target on Mid-America Apartment Communities from $155.00 to $147.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 12th. JPMorgan Chase & Co. began coverage on Mid-America Apartment Communities in a research note on Thursday, July 16th. They set a "neutral" rating and a $147.00 price objective for the company. Finally, Weiss Ratings upgraded Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $144.81.

About Mid-America Apartment Communities

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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