Legal & General Group Plc Invests $155.05 Million in Mid-America Apartment Communities, Inc. $MAA

Legal & General Group Plc bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,115,962 shares of the real estate investment trust’s stock, valued at approximately $155,052,000. Legal & General Group Plc owned about 0.96% of Mid-America Apartment Communities at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Algebris UK Ltd. increased its stake in Mid-America Apartment Communities by 27.5% during the 4th quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock valued at $18,358,000 after purchasing an additional 28,528 shares in the last quarter. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth $750,603,000. Swiss Life Asset Management Ltd grew its holdings in shares of Mid-America Apartment Communities by 466.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 45,424 shares of the real estate investment trust’s stock valued at $6,310,000 after buying an additional 37,405 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of 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 valued at $30,083,000 after buying an additional 8,724 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Mid-America Apartment Communities by 29.5% during the fourth quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock valued at $34,281,000 after buying an additional 56,224 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on MAA. Morgan Stanley reduced their target price on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Wall Street Zen upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Piper Sandler cut their price objective on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. BNP Paribas Exane upgraded Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Mizuho raised their price objective on Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Eight research 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. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and a consensus price target of $144.81.

Mid-America Apartment Communities Stock Down 2.0%

MAA stock opened at $128.91 on Friday. The company has a market capitalization of $14.96 billion, a P/E ratio of 37.69 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a 12 month low of $120.30 and a 12 month high of $146.41. The firm’s fifty day simple moving average is $134.60 and its 200-day simple moving average is $131.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $1.32. The firm had revenue of $555.13 million during 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 firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current year.

Mid-America Apartment Communities Profile

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.