Nykredit A S Takes Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Nykredit A/S purchased 40,873 shares of Mid-America Apartment Communities in the second quarter, valued at approximately $5.7 million. Institutional investors collectively own 93.6% of MAA’s outstanding stock.
• Analyst sentiment is mixed, with an overall “Hold” consensus and an average price target of $142.31. Recent targets range from $132 to $147, alongside Buy, Hold, and Sell ratings.
• MAA shares opened at $118.81, near their 52-week low of $117.98. The REIT recently reported quarterly EPS of $2.08, well above the $0.76 consensus estimate, while revenue rose 1% year over year to $555.13 million.

Nykredit A S purchased a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,873 shares of the real estate investment trust's stock, valued at approximately $5,679,000.

A number of other institutional investors have also recently made changes to their positions in MAA. BlackRock Inc. purchased a new position in Mid-America Apartment Communities in the second quarter valued at approximately $1,820,661,000. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth $750,603,000. Geode Capital Management LLC raised its stake in shares of Mid-America Apartment Communities by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust's stock worth $473,977,000 after buying an additional 40,028 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mid-America Apartment Communities by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust's stock valued at $216,450,000 after purchasing an additional 63,519 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $175,377,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Mid-America Apartment Communities from $148.00 to $146.00 and set an "overweight" rating for the company in a research report on Tuesday, September 1st. JPMorgan Chase & Co. started coverage on shares of Mid-America Apartment Communities in a research report on Thursday, July 16th. They set a "neutral" rating and a $147.00 price target for the company. Truist Financial lowered their target price on Mid-America Apartment Communities from $146.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday. BNP Paribas Exane raised shares of Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group upgraded Mid-America Apartment Communities to a "hold" rating in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $142.31.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $118.81 on Tuesday. 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 stock has a fifty day moving average price of $130.49 and a two-hundred day moving average price of $130.45. Mid-America Apartment Communities, Inc. has a 1 year low of $117.98 and a 1 year high of $144.41. The firm has a market cap of $13.78 billion, a P/E ratio of 34.74 and a beta of 0.73.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The business had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. During the same period in the prior year, the business earned $2.15 earnings per share. The business's quarterly revenue 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. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA's portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

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