Mid-America Apartment CommunitiesMAA
Market Cap: $18.6B
About: Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.
Employees: 2,427
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
167% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 8 (+5) [Q2]
52% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 65
14% more repeat investments, than reductions
Existing positions increased: 247 | Existing positions reduced: 217
11% more capital invested
Capital invested by funds: $14B [Q1] → $15.5B (+$1.51B) [Q2]
5% more funds holding
Funds holding: 630 [Q1] → 664 (+34) [Q2]
2.0% more ownership
Funds ownership: 91.15% [Q1] → 93.15% (+2.0%) [Q2]
35% less call options, than puts
Call options by funds: $37.3M | Put options by funds: $57.7M
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Goldman Sachs Julien Blouin 100% 1-year accuracy 4 / 4 met price target | 17%upside $187 | Buy Initiated | 4 Sept 2024 |
Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target | 3%upside $165 | Neutral Maintained | 26 Aug 2024 |
Truist Securities Michael Lewis 84% 1-year accuracy 37 / 44 met price target | 5%upside $167 | Buy Maintained | 26 Aug 2024 |
Scotiabank Nicholas Yulico 68% 1-year accuracy 15 / 22 met price target | 1%upside $161 | Sector Perform Maintained | 26 Aug 2024 |
Wells Fargo James Feldman 82% 1-year accuracy 14 / 17 met price target | 9%upside $174 | Overweight Upgraded | 26 Aug 2024 |
Financial journalist opinion
Based on 11 articles about MAA published over the past 30 days