5 Best Stocks to Buy According to Billionaire Brian Higgins

2. Mid-America Apartment Communities, Inc. (NYSE: MAA)

Higgins’ Stake Value: $64,962,000
Percentage of Brian Higgins’ 13F Portfolio: 4.85%
Number of Hedge Fund Holders: 25

Mid-America Apartment Communities, Inc. (NYSE: MAA) is a public corporation, real estate investment company. It was founded in 1977 and stands second on our list of 10 best stocks to buy according to billionaire Brian Higgins. Mid-America Apartment currently has a $19.9 billion market capitalization. It delivered a 48.33% return in the past twelve months.

On April 28, Mid-America Apartment Communities, Inc. (NYSE: MAA) declared its first quarter 2021 revenue of $425 million, up 1.7% YoY, beating the market estimates by $1.69 million. The company also declared its funds from operations (FFO) of $1.64, beating the estimates by $0.03. On May 18, the company announced a quarterly dividend of $1.025 per share, in line with the previous. On June 4, Truist Securities analyst Michael Lewis upgraded Mid-America Apartment from “Hold” to “Buy,” raising the price target from $151.00 to $178.00.

King Street Capital is the company’s most significant stakeholder, with 450,000 shares worth $64.96 million. This represents 4.85% of their portfolio. The latest data reveals that King Street Capital’s stake in Mid America stock increased by 79% in the past few months.