Pallas Capital Advisors LLC Purchases New Holdings in Mid-America Apartment Communities, Inc. $MAA

Pallas Capital Advisors LLC acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,949 shares of the real estate investment trust’s stock, valued at approximately $688,000.

Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at $69,490,000. Commerzbank Aktiengesellschaft FI bought a new position in Mid-America Apartment Communities in the second quarter valued at about $1,334,000. Phillips Wealth Planners LLC acquired a new stake in Mid-America Apartment Communities in the second quarter worth about $262,000. Requisite Capital Management LLC bought a new stake in Mid-America Apartment Communities during the 2nd quarter worth about $488,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Mid-America Apartment Communities during the 2nd quarter valued at about $53,660,000. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Up 1.0%

MAA opened at $131.47 on Thursday. The firm’s fifty day moving average is $135.14 and its two-hundred day moving average is $131.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $15.25 billion, a PE ratio of 38.44 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a twelve month low of $120.30 and a twelve month high of $146.41.

Mid-America Apartment Communities (NYSE:MAA) 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 during 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 quarter in the previous year, the business earned $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. Equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MAA shares. Wall Street Zen raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Morgan Stanley lowered their target price on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. UBS Group dropped their target price on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Barclays cut their price target on Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Eight 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.com, the stock presently has an average rating of “Hold” and an average price target of $144.81.

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.