The Manufacturers Life Insurance Company Takes $9.26 Million Position in Mid-America Apartment Communities, Inc. $MAA

The Manufacturers Life Insurance Company acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 66,631 shares of the real estate investment trust’s stock, valued at approximately $9,258,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Elevation Wealth Partners LLC increased its stake in Mid-America Apartment Communities by 593.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 172 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth about $32,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $33,000. Hurley Capital LLC lifted its stake in shares of Mid-America Apartment Communities by 70.4% in the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 112 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in shares of Mid-America Apartment Communities by 3,100.0% in the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAA. JPMorgan Chase & Co. assumed coverage on shares of Mid-America Apartment Communities in a research note on Thursday, July 16th. They set a “neutral” rating and a $147.00 price objective on the stock. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Scotiabank decreased their price target on Mid-America Apartment Communities from $137.00 to $134.00 and set a “sector underperform” rating for the company in a research note on Tuesday, August 4th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday. Finally, Jefferies Financial Group raised Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $144.81.

Mid-America Apartment Communities Stock Up 0.7%

MAA stock opened at $129.63 on Friday. The firm has a market cap of $15.04 billion, a PE ratio of 37.90 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 company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a 50 day simple moving average of $134.55 and a 200 day simple moving average of $131.49.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly 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 for 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 quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current fiscal 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.