386,210 Shares in Mid-America Apartment Communities, Inc. $MAA Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, Holdings Channel reports. The fund bought 386,210 shares of the real estate investment trust’s stock, valued at approximately $53,660,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Mid-America Apartment Communities in the fourth quarter worth approximately $750,603,000. Viking Global Investors LP purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Mid-America Apartment Communities by 621.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock valued at $168,805,000 after purchasing an additional 1,040,525 shares during the period. Millennium Management LLC raised its position in shares of Mid-America Apartment Communities by 3,129.2% during the 4th quarter. Millennium Management LLC now owns 738,065 shares of the real estate investment trust’s stock valued at $102,525,000 after purchasing an additional 715,209 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at $88,791,000. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group dropped their target price on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Piper Sandler decreased their price target on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Mizuho boosted their price objective on Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Cantor Fitzgerald upped their price objective on Mid-America Apartment Communities from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, 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. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $144.81.

Mid-America Apartment Communities Price Performance

MAA stock opened at $131.47 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. The company’s fifty day moving average price is $135.14 and its 200-day moving average price is $131.55. Mid-America Apartment Communities, Inc. has a one year low of $120.30 and a one year high of $146.41. The company has a market capitalization of $15.25 billion, a PE ratio of 38.44 and a beta of 0.73.

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 for the quarter, beating the consensus estimate of $0.76 by $1.32. The company had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. Mid-America Apartment Communities’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $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, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current fiscal year.

About Mid-America Apartment Communities

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.