California State Teachers Retirement System Has $3.84 Billion Position in Mid-America Apartment Communities, Inc. $MAA

California State Teachers Retirement System increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 15,857.1% during the 2nd quarter, Holdings Channel reports. The fund owned 27,639,334 shares of the real estate investment trust’s stock after acquiring an additional 27,466,124 shares during the period. California State Teachers Retirement System owned about 0.24% of Mid-America Apartment Communities worth $3,840,209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Swiss Life Asset Management Ltd grew its stake in shares of Mid-America Apartment Communities by 466.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 45,424 shares of the real estate investment trust’s stock valued at $6,310,000 after buying an additional 37,405 shares during the period. Norges Bank acquired a new position in Mid-America Apartment Communities during the 4th quarter worth approximately $750,603,000. BlackRock Inc. bought a new position in Mid-America Apartment Communities in the second quarter worth approximately $1,820,661,000. Algebris UK Ltd. boosted its holdings in Mid-America Apartment Communities by 27.5% in the fourth quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after acquiring an additional 28,528 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Mid-America Apartment Communities by 4.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock worth $30,083,000 after acquiring an additional 8,724 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $124.54 on Friday. The firm has a market capitalization of $14.45 billion, a P/E ratio of 36.42 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a 52 week low of $120.30 and a 52 week high of $144.55. The stock has a 50 day moving average price of $132.75 and a two-hundred day moving average price of $131.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current 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 earnings per share for the quarter, beating 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 company had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. During the same quarter last year, the company earned $2.15 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. 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. Equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cantor Fitzgerald restated a “neutral” rating on shares of Mid-America Apartment Communities in a report on Thursday, August 27th. UBS Group reiterated a “neutral” rating on shares of Mid-America Apartment Communities in a report on Thursday, August 27th. Wall Street Zen upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. initiated coverage on shares of Mid-America Apartment Communities in a research report on Thursday, July 16th. They issued a “neutral” rating and a $147.00 price target for the company. Finally, Mizuho decreased their price target on shares of Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $143.94.

Mid-America Apartment Communities 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.