Freestone Grove Partners LP Makes New $2.32 Million Investment in Mid-America Apartment Communities, Inc. $MAA

Freestone Grove Partners LP bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,693 shares of the real estate investment trust’s stock, valued at approximately $2,319,000.

Several other institutional investors have also recently added to or reduced their stakes in MAA. Elevation Wealth Partners LLC lifted its position in shares of 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 acquiring an additional 172 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Mid-America Apartment Communities during the 4th quarter valued at about $32,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Mid-America Apartment Communities during the third quarter valued at approximately $33,000. Hurley Capital LLC boosted its holdings in Mid-America Apartment Communities by 70.4% during 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 last quarter. Finally, Root Financial Partners LLC grew its position in Mid-America Apartment Communities by 3,100.0% in the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 279 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Up 0.7%

NYSE:MAA opened at $129.63 on Friday. The company has a 50-day moving average price of $134.55 and a 200-day moving average price of $131.49. 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 current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 37.90 and a beta of 0.73.

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 for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The firm had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. During the same quarter in the previous year, the firm posted $2.15 EPS. The company’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. Equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MAA shares. Jefferies Financial Group raised Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. Truist Financial increased their target price on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Morgan Stanley reduced their target price on 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. Finally, Barclays cut their price target on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $144.81.

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.