Korea Investment CORP Makes New Investment in Mid-America Apartment Communities, Inc. $MAA

Korea Investment CORP purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, HoldingsChannel reports. The firm purchased 11,527 shares of the real estate investment trust’s stock, valued at approximately $1,602,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $1,820,661,000. Norges Bank acquired a new stake in Mid-America Apartment Communities in the 4th quarter worth approximately $750,603,000. Viking Global Investors LP acquired a new stake in Mid-America Apartment Communities in the 3rd quarter worth approximately $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Mid-America Apartment Communities by 621.0% during the third 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 worth $168,805,000 after purchasing an additional 1,040,525 shares during the period. Finally, Millennium Management LLC boosted its position in Mid-America Apartment Communities by 3,129.2% during the fourth quarter. Millennium Management LLC now owns 738,065 shares of the real estate investment trust’s stock worth $102,525,000 after purchasing an additional 715,209 shares during the period. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.8%

Shares of MAA stock opened at $132.09 on Wednesday. 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 quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The firm has a market cap of $15.33 billion, a PE ratio of 38.62 and a beta of 0.73. The stock has a 50 day moving average of $134.71 and a 200-day moving average of $131.52.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data 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. The business had revenue of $555.13 million for the quarter, compared to the consensus estimate 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 quarter 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 predict that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MAA shares. Scotiabank dropped their price target 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 report on Tuesday, August 4th. Morgan Stanley lowered their target price on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Barclays dropped their target price on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price target on Mid-America Apartment Communities from $140.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Eight equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $144.81.

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.