VIRGINIA RETIREMENT SYSTEMS ET Al Invests $8.59 Million in Mid-America Apartment Communities, Inc. $MAA

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 61,848 shares of the real estate investment trust’s stock, valued at approximately $8,593,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.05% of Mid-America Apartment Communities at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MAA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Mid-America Apartment Communities by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock valued at $2,149,000 after buying an additional 620 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Mid-America Apartment Communities by 47.6% in the second quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 299 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Mid-America Apartment Communities by 7.1% in the second quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust’s stock worth $976,000 after acquiring an additional 437 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $230,000. Finally, Bank of Nova Scotia raised its stake in shares of Mid-America Apartment Communities by 21.7% in the 2nd quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust’s stock valued at $2,300,000 after acquiring an additional 2,771 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $128.04 on Wednesday. The firm has a 50-day moving average of $133.36 and a two-hundred day moving average of $131.15. 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 stock has a market cap of $14.86 billion, a P/E ratio of 37.44 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a 1-year low of $120.30 and a 1-year high of $145.80.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results 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. The business had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $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. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MAA has been the subject of a number of research reports. Morgan Stanley decreased their price target 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. Cantor Fitzgerald reissued a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. Wells Fargo & Company reduced their price objective on Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Piper Sandler decreased their target price on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Finally, Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. 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’s stock. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and an average price target 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.