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.
