Commerce Bank purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,171 shares of the real estate investment trust's stock, valued at approximately $1,135,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in Mid-America Apartment Communities during the 2nd quarter worth $5,347,000. Quantbot Technologies LP bought a new position in shares of Mid-America Apartment Communities during the second quarter worth about $59,000. Evolve Private Wealth LLC bought a new position in shares of Mid-America Apartment Communities during the second quarter worth about $304,000. Farringdon Capital Ltd. acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth about $291,000. Finally, Korea Investment CORP acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth about $1,602,000. Institutional investors and hedge funds own 93.60% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on MAA. Jefferies Financial Group raised shares of Mid-America Apartment Communities to a "hold" rating in a research note on Wednesday, July 22nd. Mizuho boosted their price objective on Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. UBS Group lowered their target price on Mid-America Apartment Communities from $134.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, May 14th. Citigroup reaffirmed a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company increased their price target on Mid-America Apartment Communities from $140.00 to $148.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and an average price target of $144.81.
Check Out Our Latest Stock Analysis on MAA
Mid-America Apartment Communities Stock Performance
Shares of MAA opened at $131.61 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The firm's 50 day moving average is $134.68 and its 200-day moving average is $131.52. Mid-America Apartment Communities, Inc. has a 12-month low of $120.30 and a 12-month high of $146.41. The stock has a market capitalization of $15.27 billion, a P/E ratio of 38.48 and a beta of 0.73.
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 EPS for the quarter, beating the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.
Mid-America Apartment Communities Company Profile
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Free Report)
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.
Further Reading
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