Northwestern Mutual Wealth Management Co. Raises Stock Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Mid-America Apartment Communities by 16.2%, owning a total of 27,351 shares valued at approximately $4.58 million.
• Several institutional investors also adjusted their holdings, with a significant increase in positions, indicating strong interest in Mid-America Apartment Communities from the investment community.
• Analysts have mixed opinions on the stock, with eight recommending a Buy, while others have adjusted their price targets, resulting in a consensus rating of "Hold" and a target price of $162.79.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,351 shares of the real estate investment trust's stock after acquiring an additional 3,815 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Mid-America Apartment Communities were worth $4,583,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Financial Network Wealth Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $29,000. Larson Financial Group LLC increased its position in shares of Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 91 shares during the period. AlphaQuest LLC purchased a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $34,000. Zions Bancorporation National Association UT purchased a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $38,000. Finally, CoreCap Advisors LLC boosted its stake in shares of 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 valued at $36,000 after purchasing an additional 112 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MAA shares. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Robert W. Baird increased their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. KeyCorp dropped their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Truist Financial dropped their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Finally, Morgan Stanley dropped their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $162.79.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $144.45 on Thursday. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 3.81 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a twelve month low of $137.32 and a twelve month high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of $146.42 and a two-hundred day moving average of $154.77.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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 company had revenue of $549.90 million during 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%. Mid-America Apartment Communities's revenue was up .6% compared to the same quarter last year. During the same period last 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, analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

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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