Sanctuary Advisors LLC Purchases New Stake in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Sanctuary Advisors purchased 18,408 shares of Mid-America Apartment Communities in the second quarter, valued at approximately $2.56 million. Institutional investors collectively own 93.6% of MAA’s outstanding stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from 20 analysts and an average price target of $144.81. Recent actions included Truist raising its target to $146 and Barclays lowering its target to $146.
• MAA shares opened at $132.09, down 0.8%, while the REIT reported quarterly EPS of $2.08, exceeding estimates of $0.76; revenue rose 1% year over year to $555.13 million.

Sanctuary Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,408 shares of the real estate investment trust's stock, valued at approximately $2,558,000.

Other institutional investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. grew its holdings in shares of Mid-America Apartment Communities by 65.2% during the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 75 shares during the last quarter. Values First Advisors Inc. raised its holdings in shares of Mid-America Apartment Communities by 0.5% in the 1st quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust's stock worth $1,889,000 after acquiring an additional 82 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Mid-America Apartment Communities by 1.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust's stock worth $750,000 after acquiring an additional 100 shares during the last quarter. Larson Financial Group LLC lifted its position in Mid-America Apartment Communities by 1.5% in the 4th quarter. Larson Financial Group LLC now owns 7,008 shares of the real estate investment trust's stock valued at $974,000 after acquiring an additional 102 shares in the last quarter. Finally, World Investment Advisors lifted its position in Mid-America Apartment Communities by 5.3% in the 1st quarter. World Investment Advisors now owns 2,174 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Analysts Set New Price Targets

MAA has been the subject of a number of analyst reports. Citigroup reiterated a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. BNP Paribas Exane raised Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a "hold" rating in a report on Wednesday, July 22nd. Barclays cut their target price on Mid-America Apartment Communities from $147.00 to $146.00 and set an "equal weight" rating on the stock in a research report on Monday, August 17th. Finally, Truist Financial upped their price target on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $144.81.

Mid-America Apartment Communities Trading Down 0.8%

NYSE:MAA opened at $132.09 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $15.33 billion, a PE ratio of 38.62 and a beta of 0.73. The firm's 50 day moving average is $134.71 and its 200 day moving average is $131.52. Mid-America Apartment Communities, Inc. has a 12 month low of $120.30 and a 12 month high of $146.41.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating 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 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 company earned $2.15 earnings per share. Mid-America Apartment Communities's revenue was up 1.0% compared to the same quarter last year. 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. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current year.

Mid-America Apartment Communities 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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