Freestone Grove Partners LP bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,693 shares of the real estate investment trust’s stock, valued at approximately $2,319,000.
Several other hedge funds have also added to or reduced their stakes in MAA. BlackRock Inc. bought a new stake in Mid-America Apartment Communities in the 2nd quarter valued at $1,820,661,000. Norges Bank bought a new position in Mid-America Apartment Communities during the 4th quarter worth $750,603,000. Viking Global Investors LP bought a new position in Mid-America Apartment Communities during the 3rd quarter worth $369,597,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth $175,377,000. Finally, Legal & General Group Plc bought a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $155,052,000. 93.60% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently commented on MAA shares. Truist Financial upped their price target on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. 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. Mizuho boosted their price objective on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. 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, JPMorgan Chase & Co. started coverage on shares of Mid-America Apartment Communities in a research report on Thursday, July 16th. They issued a “neutral” rating and a $147.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $144.81.
Mid-America Apartment Communities Price Performance
Mid-America Apartment Communities stock opened at $129.63 on Friday. The stock has a market capitalization of $15.04 billion, a P/E ratio of 37.90 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $146.41. The stock has a fifty day moving average of $134.55 and a 200-day moving average of $131.49.
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) 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%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current fiscal year.
About Mid-America Apartment Communities
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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