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.
