Jupiter Topco LLC Makes New $48.07 Million Investment in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Jupiter Topco LLC bought 345,960 shares of Mid-America Apartment Communities, valued at approximately $48.07 million, giving it a 0.30% stake. Institutional investors collectively own 93.60% of the REIT.
• Analysts maintain a generally cautious view, with MAA carrying a consensus “Hold” rating and an average price target of $144.81; recent target reductions came from Piper Sandler, Barclays, and Scotiabank.
• MAA shares opened at $128.91, while the company reported quarterly EPS of $2.08, well above the $0.76 consensus estimate. Quarterly revenue was $555.13 million, up 1.0% year over year but slightly below expectations.

Jupiter Topco LLC purchased a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 345,960 shares of the real estate investment trust's stock, valued at approximately $48,069,000. Jupiter Topco LLC owned approximately 0.30% of Mid-America Apartment Communities at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Elevation Wealth Partners LLC raised its position in shares of Mid-America Apartment Communities by 593.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 172 shares during the period. Nalls Sherbakoff Group LLC bought a new position in Mid-America Apartment Communities in the 4th quarter worth $32,000. Measured Wealth Private Client Group LLC bought a new position in Mid-America Apartment Communities in the 3rd quarter worth $33,000. Hurley Capital LLC increased its stake in Mid-America Apartment Communities by 70.4% in the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust's stock worth $38,000 after buying an additional 112 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in Mid-America Apartment Communities by 3,100.0% in the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust's stock worth $35,000 after buying an additional 279 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MAA has been the topic of several research analyst reports. Piper Sandler lowered their price objective on Mid-America Apartment Communities from $143.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Barclays cut their target price on Mid-America Apartment Communities from $147.00 to $146.00 and set an "equal weight" rating for the company in a research report on Monday, August 17th. Scotiabank decreased their target price on Mid-America Apartment Communities from $137.00 to $134.00 and set a "sector underperform" rating on the stock in a research note on Tuesday, August 4th. BNP Paribas Exane raised Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Finally, Citigroup restated a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Hold" and a consensus price target of $144.81.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $128.91 on Friday. The company has a market cap of $14.96 billion, a P/E ratio of 37.69 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a 52-week low of $120.30 and a 52-week high of $146.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. The firm's fifty day moving average is $134.60 and its two-hundred day moving average is $131.50.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $1.32. The firm had revenue of $555.13 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.52 EPS 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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