Mid-America Apartment Communities, Inc. $MAA Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its holdings in Mid-America Apartment Communities, Inc. by 4.8%, now owning approximately 1.67% of the company, valued at $327 million.
• Mid-America Apartment Communities reported a quarterly EPS of $2.15, slightly above the consensus estimate of $2.14, with revenue of $549.90 million, which was below analyst expectations.
• Analysts have mixed views on the stock, with a consensus rating of "Hold" and a target price averaging $163.21, reflecting various price adjustments in recent reports.

Northern Trust Corp increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,952,778 shares of the real estate investment trust's stock after acquiring an additional 89,370 shares during the quarter. Northern Trust Corp owned about 1.67% of Mid-America Apartment Communities worth $327,247,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MAA. Larson Financial Group LLC lifted its stake in Mid-America Apartment Communities by 107.1% in 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 in the last quarter. Financial Network Wealth Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter valued at approximately $29,000. CoreCap Advisors LLC lifted its position in Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after buying an additional 112 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Mid-America Apartment Communities during the first quarter worth $38,000. Finally, GoalVest Advisory LLC grew its holdings in Mid-America Apartment Communities by 200.0% in the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Down 0.0%

Shares of MAA stock opened at $142.3640 on Thursday. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38. The firm has a market cap of $16.67 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 3.81 and a beta of 0.75. The company has a 50-day moving average of $147.12 and a two-hundred day moving average of $155.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $549.90 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.22 EPS. 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. On average, analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Wall Street Analyst Weigh In

MAA has been the topic of several analyst reports. UBS Group reduced their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. JMP Securities raised their price objective on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 22nd. Evercore ISI reduced their target price on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a research note on Tuesday, August 12th. Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their target price for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Finally, Piper Sandler cut their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, ten 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 a consensus target price of $163.21.

Mid-America Apartment Communities Profile

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.

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