Hsbc Holdings PLC Purchases 87,523 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Hsbc Holdings PLC increased its MAA stake by 19.9% in the second quarter, purchasing 87,523 shares and bringing its total holdings to 527,345 shares valued at approximately $73.4 million.
• Institutional ownership remains high at 93.6%, with major investors including BlackRock, Norges Bank, Swiss Life Asset Management, Algebris UK and Nomura Asset Management holding or adding substantial positions.
• MAA reported quarterly EPS of $2.08, beating estimates of $0.76, while revenue rose 1% year over year to $555.1 million. Analysts maintain a consensus “Hold” rating with an average price target of $144.69, versus a share price of $128.35.

Hsbc Holdings PLC raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 19.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,345 shares of the real estate investment trust's stock after buying an additional 87,523 shares during the quarter. Hsbc Holdings PLC owned about 0.45% of Mid-America Apartment Communities worth $73,371,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MAA. Swiss Life Asset Management Ltd increased its holdings in shares of Mid-America Apartment Communities by 466.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 45,424 shares of the real estate investment trust's stock worth $6,310,000 after buying an additional 37,405 shares during the last quarter. Norges Bank bought a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at about $750,603,000. BlackRock Inc. bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $1,820,661,000. Algebris UK Ltd. grew its position in Mid-America Apartment Communities by 27.5% in the fourth quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust's stock worth $18,358,000 after acquiring an additional 28,528 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Mid-America Apartment Communities by 4.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust's stock worth $30,083,000 after acquiring an additional 8,724 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 0.0%

Shares of NYSE:MAA opened at $128.35 on Tuesday. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $146.41. The business has a 50 day simple moving average of $133.58 and a two-hundred day simple moving average of $131.20. The firm has a market capitalization of $14.89 billion, a PE ratio of 37.53 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The firm had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. During the same period in the prior year, the business posted $2.15 earnings per share. The company's revenue for the quarter was up 1.0% on a year-over-year basis. 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. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upgraded Mid-America Apartment Communities to a "hold" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on Mid-America Apartment Communities from $148.00 to $146.00 and set an "overweight" rating for the company in a report on Tuesday, September 1st. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Barclays decreased their price target on Mid-America Apartment Communities from $147.00 to $146.00 and set an "equal weight" rating on the stock in a report on Monday, August 17th. Finally, Weiss Ratings raised shares of Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 20th. 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 company's stock. According to MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and a consensus price target of $144.69.

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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