Mid-America Apartment Communities, Inc. $MAA Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 95.9% in the second quarter, HoldingsChannel.com reports. The firm owned 15,710 shares of the real estate investment trust’s stock after selling 367,420 shares during the period. Wellington Management Group LLP’s holdings in Mid-America Apartment Communities were worth $2,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the second quarter worth $356,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Mid-America Apartment Communities during the 2nd quarter worth about $58,000. Rakuten Investment Management Inc. purchased a new position in Mid-America Apartment Communities during the 2nd quarter valued at about $2,677,000. Comprehensive Money Management Services LLC acquired a new position in Mid-America Apartment Communities in the 2nd quarter valued at about $361,000. Finally, Empowered Funds LLC purchased a new stake in Mid-America Apartment Communities during the second quarter worth about $492,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $124.54 on Friday. The company has a fifty day moving average of $132.75 and a two-hundred day moving average of $131.03. The company has a market capitalization of $14.45 billion, a PE ratio of 36.42 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a 1 year low of $120.30 and a 1 year high of $144.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The business 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 firm earned $2.15 earnings per share. The business’s 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. As a group, analysts expect that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group reissued a “neutral” rating on shares of Mid-America Apartment Communities in a research note on Thursday, August 27th. BNP Paribas Exane upgraded Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Mizuho reduced their price target on Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, September 1st. Finally, Piper Sandler cut their target price on shares of 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. Eight 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.94.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.