Wellington Management Group LLP Decreases Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Wellington Management Group cut its Mid-America Apartment Communities stake by 95.9% in the second quarter, selling 367,420 shares and retaining 15,710 shares worth approximately $2.18 million.
• MAA shares opened at $124.54, down 2.3%, near the lower end of their 12-month range. The REIT reported quarterly EPS of $2.08, well above the $0.76 consensus estimate, while revenue rose 1% year over year to $555.13 million.
• Analyst sentiment remains mixed, with eight Buy, eleven Hold and one Sell rating; the consensus rating is Hold with an average price target of $143.94.

Wellington Management Group LLP lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 95.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,710 shares of the real estate investment trust's stock after selling 367,420 shares during the quarter. Wellington Management Group LLP's holdings in Mid-America Apartment Communities were worth $2,183,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Mid-America Apartment Communities by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust's stock valued at $2,149,000 after buying an additional 620 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 47.6% in the second quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust's stock valued at $137,000 after acquiring an additional 299 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Mid-America Apartment Communities by 7.1% in the second quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust's stock worth $976,000 after acquiring an additional 437 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth approximately $230,000. Finally, Bank of Nova Scotia raised its stake in Mid-America Apartment Communities by 21.7% in the 2nd quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust's stock valued at $2,300,000 after purchasing an additional 2,771 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Down 2.3%

Shares of MAA opened at $124.54 on Friday. Mid-America Apartment Communities, Inc. has a 12-month low of $120.30 and a 12-month high of $144.55. The firm has a market capitalization of $14.45 billion, a P/E ratio of 36.42 and a beta of 0.73. The firm has a 50-day moving average price of $132.75 and a 200 day moving average price of $131.03. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results 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. The company had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. Mid-America Apartment Communities's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.15 EPS. 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 forecast that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MAA. Wells Fargo & Company dropped their target price on shares of Mid-America Apartment Communities from $148.00 to $146.00 and set an "overweight" rating for the company in a report on Tuesday, September 1st. Citigroup restated a "market outperform" rating on shares of Mid-America Apartment Communities in a research report on Wednesday, September 2nd. Barclays dropped their price objective on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. BNP Paribas Exane raised shares of Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Truist Financial raised their target price on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities has an average rating of "Hold" and a consensus price target of $143.94.

About Mid-America Apartment Communities

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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