VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $8.59 Million Investment in Mid-America Apartment Communities, Inc. $MAA

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 61,848 shares of the real estate investment trust’s stock, valued at approximately $8,593,000.

Several other large investors have also modified their holdings of the stock. Swiss Life Asset Management Ltd grew its position in shares of Mid-America Apartment Communities by 466.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 45,424 shares of the real estate investment trust’s stock worth $6,310,000 after acquiring an additional 37,405 shares in the last quarter. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at approximately $750,603,000. BlackRock Inc. bought a new position in Mid-America Apartment Communities during the second quarter worth $1,820,661,000. Algebris UK Ltd. lifted its stake in Mid-America Apartment Communities by 27.5% during the fourth quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after purchasing an additional 28,528 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Mid-America Apartment Communities by 4.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock worth $30,083,000 after purchasing an additional 8,724 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. Piper Sandler reduced their price target on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Wall Street Zen raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Jefferies Financial Group raised shares of Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.94.

Get Our Latest Report on MAA

Mid-America Apartment Communities Trading Down 0.2%

NYSE:MAA opened at $128.04 on Wednesday. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $145.80. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 37.44 and a beta of 0.73. The business has a fifty day moving average of $133.36 and a 200-day moving average of $131.15. 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 (NYSE:MAAGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. The business had revenue of $555.13 million for the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.15 earnings per share. 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. Equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current year.

Mid-America Apartment Communities Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report).

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.