Why Are People Buying MAA Shares?

After this morning's 1.1% surge to $136.69 per share, Mid-America Apartment Communities might just keep moving past its target price of $141.6. With an average analyst rating of hold, and target prices from $126.0 to $181.0, the stock's next move is anyone's guess.

The stock has an average amount of shares sold short at 3.0%, and a short ratio of 3.03. The company's insiders own 0.67% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 97.5% of Mid-America Apartment Communities's shares being owned by this investor type.

Institutions Invested in Mid-America Apartment Communities

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 16% 18,934,886 $2,588,209,613
2023-09-30 Blackrock Inc. 10% 11,942,189 $1,632,377,843
2023-09-30 Cohen & Steers Inc. 9% 10,767,723 $1,471,840,083
2023-09-30 State Street Corporation 6% 7,533,103 $1,029,699,867
2023-09-30 FMR, LLC 5% 5,457,634 $746,004,004
2022-12-31 Norges Bank Investment Management 3% 3,458,987 $472,808,941
2023-09-30 Apg Asset Management US Inc. 3% 2,982,947 $407,739,032
2023-09-30 JP Morgan Chase & Company 2% 2,818,375 $385,243,685
2023-09-30 Geode Capital Management, LLC 2% 2,758,908 $377,115,141
2023-09-30 Daiwa Securities Group Inc. 2% 2,463,665 $336,758,374

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Mid-America Apartment Communities.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.