Northwestern Mutual Wealth Management Co. Sells 5,291 Shares of Mid-America Apartment Communities, Inc. $MAA

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,482 shares of the real estate investment trust’s stock after selling 5,291 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Mid-America Apartment Communities were worth $5,347,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MAA. BlackRock Inc. acquired a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $1,820,661,000. State Street Corp grew its stake in Mid-America Apartment Communities by 1.6% in the third quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock valued at $1,134,520,000 after purchasing an additional 125,130 shares in the last quarter. Norges Bank acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $750,603,000. Viking Global Investors LP increased 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 worth $538,977,000 after purchasing an additional 1,234,966 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake 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 worth $473,977,000 after purchasing an additional 40,028 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MAA. Scotiabank decreased their target price on shares of 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. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Truist Financial boosted their price objective 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. Finally, Wall Street Zen raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Eight research 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.com, the company has a consensus rating of “Hold” and a consensus target price of $144.69.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $128.44 on Friday. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 37.56 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 12 month low of $120.30 and a 12 month high of $146.41. The stock’s 50 day moving average is $134.08 and its 200-day moving average is $131.29.

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