Connor Clark & Lunn Investment Management Ltd. Buys New Holdings in Mid-America Apartment Communities, Inc. $MAA

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,710 shares of the real estate investment trust's stock, valued at approximately $1,349,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mid-America Apartment Communities by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust's stock valued at $2,149,000 after purchasing an additional 620 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Mid-America Apartment Communities by 47.6% in the second quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust's stock valued at $137,000 after buying an additional 299 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Mid-America Apartment Communities by 7.1% during the 2nd quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust's stock worth $976,000 after buying an additional 437 shares during the period. Walleye Capital LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at approximately $230,000. Finally, Bank of Nova Scotia grew its stake in Mid-America Apartment Communities by 21.7% in the 2nd quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust's stock valued at $2,300,000 after acquiring an additional 2,771 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on MAA shares. Barclays cut their target price on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. BNP Paribas Exane upgraded Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Citigroup reissued a "market outperform" rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. JPMorgan Chase & Co. began coverage on Mid-America Apartment Communities in a research report on Thursday, July 16th. They issued a "neutral" rating and a $147.00 target price on the stock. Finally, UBS Group reaffirmed a "neutral" rating on shares of Mid-America Apartment Communities in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of "Hold" and an average price target of $144.81.

Mid-America Apartment Communities Stock Up 0.0%

Shares of MAA opened at $129.63 on Monday. The company's 50-day simple moving average is $134.55 and its 200-day simple moving average is $131.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $146.41. The stock has a market capitalization of $15.04 billion, a PE ratio of 37.90 and a beta of 0.73.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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 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 in the previous year, the company 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 forecast that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current fiscal year.

Mid-America Apartment Communities Company 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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