Advisors Asset Management Inc. Has $901,000 Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Advisors Asset Management Inc. lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 14.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,673 shares of the real estate investment trust’s stock after selling 955 shares during the period. Advisors Asset Management Inc.’s holdings in Mid-America Apartment Communities were worth $901,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Mid-America Apartment Communities by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 155,906 shares of the real estate investment trust’s stock valued at $20,515,000 after purchasing an additional 492 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Mid-America Apartment Communities by 5.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 90 shares during the last quarter. Tidal Investments LLC raised its position in shares of Mid-America Apartment Communities by 29.0% in the 1st quarter. Tidal Investments LLC now owns 45,952 shares of the real estate investment trust’s stock valued at $6,046,000 after acquiring an additional 10,331 shares during the period. Virtu Financial LLC boosted its stake in Mid-America Apartment Communities by 56.6% during the 1st quarter. Virtu Financial LLC now owns 5,607 shares of the real estate investment trust’s stock worth $738,000 after acquiring an additional 2,027 shares during the last quarter. Finally, Swedbank AB bought a new stake in Mid-America Apartment Communities in the first quarter valued at approximately $26,107,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 0.7 %

MAA stock opened at $163.14 on Wednesday. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year high of $167.39. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 2.59 and a beta of 0.88. The company has a fifty day moving average price of $156.67 and a two-hundred day moving average price of $149.32. 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 announced its 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 company had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.29 EPS. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a dividend of $1.47 per share. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.60%. Mid-America Apartment Communities’s payout ratio is currently 132.73%.

Analyst Ratings Changes

A number of analysts recently commented on MAA shares. Scotiabank lowered their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. JMP Securities raised their price target on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. Bank of America upgraded Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $144.00 to $189.00 in a research report on Monday, August 12th. Piper Sandler raised their target price on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada cut their price target on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.64.

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.