Analyzing the Future of Mid-America Apartment Communities' Stock

Mid-America Apartment Communities shares rose 1.6% this afternoon to a price of $134.87. The stock is still trading within range of its average target price of $136.64, and over the last 52 weeks, it has recorded a -11.7% performance. Analysts have given the Large-Cap Specialty Real Estate Investment Trust stock target prices ranging from $124.0 to $148.0 dollars per share, with an average rating of hold.

The stock has an average amount of shares sold short at 2.5%, and a short ratio of 3.12. The company's insiders own 0.7% 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 95.9% 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
2023-12-31 Vanguard Group Inc 16% 18,751,852 $2,529,062,187
2023-12-31 Blackrock Inc. 11% 12,303,261 $1,659,340,750
2023-12-31 State Street Corporation 7% 7,727,634 $1,042,225,959
2023-12-31 Norges Bank Investment Management 5% 5,306,410 $715,675,490
2023-12-31 Cohen & Steers Inc. 4% 5,015,516 $676,442,618
2023-12-31 FMR, LLC 4% 4,765,190 $642,681,152
2023-12-31 Apg Asset Management US Inc. 3% 2,934,500 $395,776,000
2023-12-31 JP Morgan Chase & Company 2% 2,836,651 $382,579,106
2023-12-31 Geode Capital Management, LLC 2% 2,817,616 $380,011,856
2023-12-31 Morgan Stanley 2% 2,577,412 $347,615,543

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.