Harvest Portfolios Group Inc. Raises Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Harvest Portfolios Group Inc. increased its ownership in Mid-America Apartment Communities by 31.2%, acquiring an additional 2,871 shares during the first quarter, bringing its total to 12,073 shares valued at approximately $2,023,000.
• Institutional investors hold 93.60% of Mid-America Apartment Communities' stock, with several firms, including Deutsche Bank AG and APG Asset Management, significantly increasing their positions in the first quarter.
• Investment analysts have mixed ratings on the stock, with eight analysts recommending a "Buy" and an average target price of $163.21, while the stock trades around $142.60.

Harvest Portfolios Group Inc. raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 31.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,073 shares of the real estate investment trust's stock after purchasing an additional 2,871 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in Mid-America Apartment Communities were worth $2,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. APG Asset Management US Inc. grew its stake in shares of Mid-America Apartment Communities by 9.7% in the 1st quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust's stock valued at $514,081,000 after purchasing an additional 271,507 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Mid-America Apartment Communities by 4.8% in the first quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust's stock valued at $327,247,000 after buying an additional 89,370 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Mid-America Apartment Communities by 38.3% in the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock valued at $284,188,000 after buying an additional 469,806 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Mid-America Apartment Communities by 5.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,986 shares of the real estate investment trust's stock valued at $174,507,000 after buying an additional 54,763 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Mid-America Apartment Communities in the first quarter valued at approximately $150,966,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group downgraded Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a research report on Friday, July 11th. Royal Bank Of Canada cut their price target on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Piper Sandler dropped their target price on Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Scotiabank dropped their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a research note on Thursday, August 14th. Finally, Morgan Stanley dropped their target price on Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and a consensus price target of $162.79.

Mid-America Apartment Communities Trading Up 1.2%

NYSE:MAA traded up $1.74 on Monday, hitting $145.87. 594,416 shares of the stock were exchanged, compared to its average volume of 837,761. The stock has a market cap of $17.08 billion, a PE ratio of 30.01, a PEG ratio of 3.90 and a beta of 0.78. 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 stock has a fifty day moving average of $146.27 and a 200-day moving average of $154.59. Mid-America Apartment Communities, Inc. has a fifty-two week low of $137.32 and a fifty-two week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly 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. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The company had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. During the same period in the prior year, the firm posted $2.22 earnings per share. The firm's revenue was up .6% on a year-over-year basis. 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. As a group, equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

About Mid-America Apartment Communities

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.