Mid-America Apartment Communities, Inc. $MAA Stake Boosted by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Mid-America Apartment Communities, Inc. by 150.2%, acquiring a total of 235,551 shares worth approximately $39.47 million.
• Mid-America Apartment Communities has seen several hedge funds increase their positions, with institutional investors holding 93.60% of the stock.
• Analysts have generally rated the stock as a "Hold," with an average target price of $163.21, following recent revisions from various financial firms.

Wellington Management Group LLP boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 150.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 235,551 shares of the real estate investment trust's stock after acquiring an additional 141,398 shares during the period. Wellington Management Group LLP owned 0.20% of Mid-America Apartment Communities worth $39,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC lifted its position in Mid-America Apartment Communities by 117.7% in the fourth quarter. NewEdge Advisors LLC now owns 973 shares of the real estate investment trust's stock valued at $150,000 after purchasing an additional 526 shares during the last quarter. First Trust Advisors LP lifted its holdings in Mid-America Apartment Communities by 0.3% in the fourth quarter. First Trust Advisors LP now owns 68,617 shares of the real estate investment trust's stock valued at $10,606,000 after acquiring an additional 178 shares during the period. MML Investors Services LLC raised its stake in shares of Mid-America Apartment Communities by 9.7% in the fourth quarter. MML Investors Services LLC now owns 9,141 shares of the real estate investment trust's stock worth $1,413,000 after buying an additional 810 shares during the period. Dark Forest Capital Management LP grew its holdings in Mid-America Apartment Communities by 60.4% during the 4th quarter. Dark Forest Capital Management LP now owns 3,437 shares of the real estate investment trust's stock valued at $531,000 after buying an additional 1,294 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Mid-America Apartment Communities by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 164,112 shares of the real estate investment trust's stock valued at $25,368,000 after buying an additional 504 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Down 0.3%

Shares of MAA traded down $0.40 during midday trading on Thursday, reaching $144.02. 178,602 shares of the company were exchanged, compared to its average volume of 899,322. The stock has a 50-day moving average price of $146.42 and a 200-day moving average price of $154.77. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 3.81 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results 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. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business had revenue of $549.90 million for the quarter, compared to analysts' expectations of $552.19 million. During the same quarter in the previous year, the firm posted $2.22 earnings per share. The company's revenue was up .6% compared to the same quarter last year. 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. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank decreased their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a research report on Thursday, August 14th. UBS Group dropped their price objective 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. Royal Bank Of Canada lowered their price objective on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Piper Sandler cut their price objective on Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Finally, KeyCorp lowered their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and a consensus price target of $162.79.

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.