3,885 Shares in Mid-America Apartment Communities, Inc. $MAA Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,885 shares of the real estate investment trust’s stock, valued at approximately $540,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter worth $1,820,661,000. State Street Corp grew its position in 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 valued at $1,134,520,000 after purchasing an additional 125,130 shares during the period. Norges Bank bought a new stake in Mid-America Apartment Communities during the 4th quarter valued at $750,603,000. Viking Global Investors LP increased its stake in 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 purchasing an additional 1,234,966 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Mid-America Apartment Communities by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock worth $473,977,000 after buying an additional 40,028 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA opened at $133.13 on Tuesday. 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 $15.45 billion, a PE ratio of 38.93 and a beta of 0.73. The stock’s fifty day simple moving average is $134.79 and its two-hundred day simple moving average is $131.54. Mid-America Apartment Communities, Inc. has a 1-year low of $120.30 and a 1-year high of $146.41.

Mid-America Apartment Communities (NYSE:MAA) last posted its 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. 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 during the quarter, compared to analyst estimates of $556.18 million. During the same quarter in the prior year, the business posted $2.15 EPS. The business’s revenue 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. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MAA. Scotiabank dropped their price objective on shares of Mid-America Apartment Communities from $137.00 to $134.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, August 4th. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. JPMorgan Chase & Co. initiated coverage on shares of Mid-America Apartment Communities in a report on Thursday, July 16th. They issued a “neutral” rating and a $147.00 target price on the stock. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their price objective on Mid-America Apartment Communities from $140.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.