US Bancorp DE Raises Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

US Bancorp DE boosted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,683 shares of the real estate investment trust’s stock after buying an additional 209 shares during the period. US Bancorp DE’s holdings in Mid-America Apartment Communities were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MAA. EdgeRock Capital LLC bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter worth $26,000. Versant Capital Management Inc raised its holdings in Mid-America Apartment Communities by 3,071.4% in the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 215 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Mid-America Apartment Communities by 82.4% during the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Mid-America Apartment Communities by 305.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 238 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Mid-America Apartment Communities by 252.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 280 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MAA has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. Truist Financial increased their price objective on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. The Goldman Sachs Group started coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price on the stock. Wedbush increased their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.69.

Mid-America Apartment Communities Stock Up 0.7 %

MAA stock opened at $154.69 on Friday. The company has a market capitalization of $18.08 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.45 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 12 month low of $118.72 and a 12 month high of $167.39. The firm’s fifty day simple moving average is $157.59 and its 200-day simple moving average is $146.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). The business had revenue of $551.13 million during the quarter, compared to analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. Mid-America Apartment Communities’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 earnings per share. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 132.73%.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.