Mid-America Apartment Communities, Inc. $MAA Shares Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has increased its stake in Mid-America Apartment Communities, Inc. by 2.1%, owning now 341,550 shares valued at approximately $57.2 million.
• The company reported quarterly earnings of $2.15 per share, slightly surpassing the consensus estimate and reflecting a 0.6% year-over-year revenue increase.
• Research analysts have issued mixed ratings for Mid-America Apartment Communities, with a consensus rating of "Hold" and an average price target of $163.21 following recent adjustments.

Hsbc Holdings PLC lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,550 shares of the real estate investment trust's stock after buying an additional 7,012 shares during the period. Hsbc Holdings PLC owned approximately 0.29% of Mid-America Apartment Communities worth $57,229,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Financial Network Wealth Advisors LLC purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at $29,000. Larson Financial Group LLC grew its position in Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 91 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Mid-America Apartment Communities during the 1st quarter worth $38,000. CoreCap Advisors LLC grew its position in Mid-America Apartment Communities by 94.9% during the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares during the last quarter. Finally, GoalVest Advisory LLC grew its position in Mid-America Apartment Communities by 200.0% during the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 160 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded up $1.8790 during midday trading on Friday, hitting $142.8890. The stock had a trading volume of 849,670 shares, compared to its average volume of 939,667. The company has a market capitalization of $16.73 billion, a PE ratio of 29.40, a P/E/G ratio of 3.83 and a beta of 0.75. The stock has a 50 day moving average price of $146.78 and a two-hundred day moving average price of $155.04. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a 1 year low of $137.32 and a 1 year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.01. The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.22 earnings per share. 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 predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAA has been the topic of several research reports. UBS Group lowered their price objective on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research report on Tuesday, July 15th. Royal Bank Of Canada lowered their price objective on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Robert W. Baird raised their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Mizuho raised shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $161.00 to $150.00 in a research report on Thursday, August 14th. Finally, Scotiabank lowered their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $163.21.

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.