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)
94% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 47
5% more funds holding
Funds holding: 670 [Q2] → 702 (+32) [Q3]
2% more capital invested
Capital invested by funds: $16.4B [Q2] → $16.7B (+$296M) [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
7% less repeat investments, than reductions
Existing positions increased: 237 | Existing positions reduced: 255
8.45% less ownership
Funds ownership: 98.73% [Q2] → 90.28% (-8.45%) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
JMP Securities Aaron Hecht 54% 1-year accuracy 27 / 50 met price target | 6%upside $160 | Market Outperform Reiterated | 10 Jan 2025 |
Mizuho Vikram Malhotra 75% 1-year accuracy 6 / 8 met price target | 6%upside $159 | Neutral Maintained | 6 Jan 2025 |
Barclays Richard Hightower 22% 1-year accuracy 2 / 9 met price target | 10%upside $166 | Equal-Weight Initiated | 17 Dec 2024 |
Scotiabank Nicholas Yulico 42% 1-year accuracy 15 / 36 met price target | 15%upside $173 | Sector Perform Maintained | 14 Nov 2024 |
RBC Capital Brad Heffern 46% 1-year accuracy 16 / 35 met price target | 10%upside $165 | Sector Perform Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 15 articles about MAA published over the past 30 days