OMERS ADMINISTRATION Corp Takes Position in Mid-America Apartment Communities, Inc. $MAA

OMERS ADMINISTRATION Corp purchased a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,201 shares of the real estate investment trust’s stock, valued at approximately $862,000.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Mid-America Apartment Communities during the second quarter valued at $1,820,661,000. State Street Corp lifted its position in shares of Mid-America Apartment Communities by 1.6% in the 3rd quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock worth $1,134,520,000 after buying an additional 125,130 shares during the last quarter. Norges Bank acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at about $750,603,000. Viking Global Investors LP grew its position in shares of Mid-America Apartment Communities by 46.7% during the 4th quarter. Viking Global Investors LP now owns 3,880,048 shares of the real estate investment trust’s stock valued at $538,977,000 after buying an additional 1,234,966 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Mid-America Apartment Communities by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock valued at $473,977,000 after buying an additional 40,028 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MAA shares. Mizuho raised their target price on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Truist Financial raised their price target on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $144.81.

Mid-America Apartment Communities Stock Performance

MAA opened at $128.91 on Friday. The business’s 50 day moving average is $134.60 and its 200-day moving average is $131.50. The stock has a market cap of $14.96 billion, a PE ratio of 37.69 and a beta of 0.73. 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 twelve month low of $120.30 and a twelve month high of $146.41.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. During the same period in the prior year, the company posted $2.15 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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, 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

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.