HighTower Advisors LLC Reduces Position in Mid-America Apartment Communities, Inc. $MAA

HighTower Advisors LLC trimmed its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 17.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,352 shares of the real estate investment trust’s stock after selling 16,758 shares during the period. HighTower Advisors LLC’s holdings in Mid-America Apartment Communities were worth $11,303,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Mid-America Apartment Communities during the second quarter valued at $8,593,000. California State Teachers Retirement System raised its stake in shares of Mid-America Apartment Communities by 15,857.1% in the second quarter. California State Teachers Retirement System now owns 27,639,334 shares of the real estate investment trust’s stock worth $3,840,209,000 after buying an additional 27,466,124 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter worth about $40,000. Morling Financial Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $219,000. Finally, HB Wealth Management LLC raised its stake in Mid-America Apartment Communities by 37.0% during the 2nd quarter. HB Wealth Management LLC now owns 20,255 shares of the real estate investment trust’s stock worth $2,814,000 after acquiring an additional 5,469 shares during the period. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Down 0.3%

Shares of NYSE MAA opened at $127.55 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. Mid-America Apartment Communities, Inc. has a 12-month low of $120.30 and a 12-month high of $145.80. The firm’s 50-day moving average price is $133.11 and its 200-day moving average price is $131.09. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 37.30 and a beta of 0.73.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The company had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. During the same quarter last year, the business posted $2.15 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. 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, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on MAA. Piper Sandler lowered their target price on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Wells Fargo & Company lowered their target price on shares of Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating on the stock in a report on Tuesday, September 1st. Morgan Stanley dropped 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 research report on Wednesday, August 12th. JPMorgan Chase & Co. started coverage on shares of Mid-America Apartment Communities in a report on Thursday, July 16th. They issued a “neutral” rating and a $147.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Eight investment 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. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and a consensus target price of $143.94.

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.