Rakuten Investment Management Inc. Acquires Shares of 19,033 Mid-America Apartment Communities, Inc. $MAA

Rakuten Investment Management Inc. bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,033 shares of the real estate investment trust’s stock, valued at approximately $2,677,000.

A number of other hedge funds have also recently made changes to their positions in MAA. Algebris UK Ltd. increased its holdings in Mid-America Apartment Communities by 27.5% during the 4th quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after purchasing an additional 28,528 shares during the period. Norges Bank bought a new position in shares of Mid-America Apartment Communities during the 4th quarter worth $750,603,000. Swiss Life Asset Management Ltd grew its position in shares of Mid-America Apartment Communities by 466.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 45,424 shares of the real estate investment trust’s stock worth $6,310,000 after buying an additional 37,405 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Mid-America Apartment Communities by 4.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock valued at $30,083,000 after buying an additional 8,724 shares during the period. Finally, Strs Ohio raised its holdings in shares of Mid-America Apartment Communities by 170.3% in the fourth quarter. Strs Ohio now owns 65,079 shares of the real estate investment trust’s stock valued at $9,040,000 after acquiring an additional 41,005 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Up 0.0%

NYSE MAA opened at $129.63 on Monday. 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 fifty day simple moving average of $134.55 and a two-hundred day simple moving average of $131.47. 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 $15.04 billion, a P/E ratio of 37.90 and a beta of 0.73.

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 for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $556.18 million. During the same period in the previous year, the company earned $2.15 earnings per share. The business’s quarterly 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. On average, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

MAA has been the subject of several research reports. BNP Paribas Exane raised shares of Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Piper Sandler cut their target price on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Barclays decreased their price target on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Finally, Morgan Stanley cut their price objective on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.