Commerce Bank Purchases New Shares in Mid-America Apartment Communities, Inc. $MAA

Commerce Bank acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 8,171 shares of the real estate investment trust’s stock, valued at approximately $1,135,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAA. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Mid-America Apartment Communities in the second quarter worth about $5,347,000. Quantbot Technologies LP acquired a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $59,000. Evolve Private Wealth LLC purchased a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $304,000. Farringdon Capital Ltd. purchased a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $291,000. Finally, Korea Investment CORP acquired a new position in Mid-America Apartment Communities in the 2nd quarter worth approximately $1,602,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Piper Sandler dropped their price target on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Truist Financial increased their price objective on 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, Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus price target of $144.81.

Mid-America Apartment Communities Price Performance

NYSE MAA opened at $131.61 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $15.27 billion, a PE ratio of 38.48 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 50 day moving average price of $134.68 and a two-hundred day moving average price of $131.52.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 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 company had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. During the same quarter in the prior year, the business posted $2.15 EPS. Mid-America Apartment Communities’s quarterly revenue was up 1.0% on a year-over-year basis. 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, equities analysts predict 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.