Legal & General Group Plc Purchases New Position in Mid-America Apartment Communities, Inc. $MAA

Legal & General Group Plc acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, HoldingsChannel reports. The fund acquired 1,115,962 shares of the real estate investment trust’s stock, valued at approximately $155,052,000.

Several other institutional investors have also recently made changes to their positions in MAA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Mid-America Apartment Communities by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock valued at $2,149,000 after purchasing an additional 620 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Mid-America Apartment Communities by 47.6% in the second quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 299 shares during the period. Baird Financial Group Inc. raised its position in shares of Mid-America Apartment Communities by 7.1% in the second quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust’s stock worth $976,000 after acquiring an additional 437 shares during the period. Walleye Capital LLC purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth about $230,000. Finally, Bank of Nova Scotia boosted its stake in shares of Mid-America Apartment Communities by 21.7% during the 2nd quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust’s stock worth $2,300,000 after acquiring an additional 2,771 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MAA shares. UBS Group restated a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Jefferies Financial Group raised Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and an average target price of $144.81.

Mid-America Apartment Communities Trading Down 2.0%

Shares of MAA stock opened at $128.91 on Friday. The stock’s fifty day moving average is $134.60 and its two-hundred day moving average is $131.50. 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 firm has a market capitalization of $14.96 billion, a P/E ratio of 37.69 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $146.41.

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 (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 analysts’ expectations of $556.18 million. During the same quarter in the previous year, the company posted $2.15 EPS. The firm’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. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share 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.