Mid-America Apartment Communities
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 Q3 regulatory filings by fund managers ($100M+ AUM)
31% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 67
3% more funds holding
Funds holding: 669 [Q2] → 690 (+21) [Q3]
2% more capital invested
Capital invested by funds: $15.9B [Q2] → $16.3B (+$369M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 8 (+0) [Q3]
4% less call options, than puts
Call options by funds: $49M | Put options by funds: $51.1M
8% less repeat investments, than reductions
Existing positions increased: 233 | Existing positions reduced: 252
7.75% less ownership
Funds ownership: 95.63% [Q2] → 87.88% (-7.75%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Scotiabank Nicholas Yulico 56% 1-year accuracy 18 / 32 met price target | 9%upside $173 | Sector Perform Maintained | 14 Nov 2024 |
RBC Capital Brad Heffern 74% 1-year accuracy 28 / 38 met price target | 4%upside $165 | Sector Perform Maintained | 1 Nov 2024 |
Raymond James Buck Horne 71% 1-year accuracy 17 / 24 met price target | 11%upside $175 | Strong Buy Upgraded | 21 Oct 2024 |
Scotiabank Nicholas Yulico 56% 1-year accuracy 18 / 32 met price target | 10%upside $174 | Sector Perform Maintained | 16 Sept 2024 |
Deutsche Bank Omotayo Okusanya 72% 1-year accuracy 13 / 18 met price target | 3%upside $163 | Hold Maintained | 10 Sept 2024 |
Financial journalist opinion
Based on 12 articles about MAA published over the past 30 days
