OMERS ADMINISTRATION Corp Takes $862,000 Position in Mid-America Apartment Communities, Inc. $MAA

OMERS ADMINISTRATION Corp bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 6,201 shares of the real estate investment trust’s stock, valued at approximately $862,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAA. Sanctuary Advisors LLC acquired a new position in Mid-America Apartment Communities during the second quarter valued at approximately $2,558,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Mid-America Apartment Communities in the second quarter worth $1,349,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $175,377,000. Bank of Nova Scotia purchased a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $3,449,000. Finally, Commerce Bank acquired a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at $1,135,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $128.91 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $146.41. The business has a 50 day moving average price of $134.60 and a two-hundred day moving average price of $131.50. The firm has a market cap of $14.96 billion, a PE ratio of 37.69 and a beta of 0.73.

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, beating analysts’ consensus estimates of $0.76 by $1.32. The company had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.Mid-America Apartment Communities’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 EPS. 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. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on MAA shares. Jefferies Financial Group raised shares of Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on Mid-America Apartment Communities from $140.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. Finally, Truist Financial raised their target price on Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.