Liberty Mutual Group Asset Management Inc. Raises Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Liberty Mutual Group Asset Management Inc. boosted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 85.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,991 shares of the real estate investment trust’s stock after purchasing an additional 20,700 shares during the period. Mid-America Apartment Communities makes up approximately 0.9% of Liberty Mutual Group Asset Management Inc.’s holdings, making the stock its 12th largest position. Liberty Mutual Group Asset Management Inc.’s holdings in Mid-America Apartment Communities were worth $6,416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DecisionPoint Financial LLC bought a new position in Mid-America Apartment Communities in the first quarter worth approximately $26,000. EdgeRock Capital LLC bought a new stake in Mid-America Apartment Communities during the second quarter valued at about $26,000. Mather Group LLC. purchased a new stake in Mid-America Apartment Communities in the first quarter worth about $32,000. Versant Capital Management Inc raised its stake in shares of 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 buying an additional 215 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Mid-America Apartment Communities by 82.4% during the 2nd 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 in the last quarter. 93.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on MAA. 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 research note on Monday, August 26th. Janney Montgomery Scott raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, June 13th. UBS Group increased their target price on 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. JMP Securities boosted their price target on shares of 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. Finally, The Goldman Sachs Group assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.91.

Mid-America Apartment Communities Price Performance

MAA opened at $158.72 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $155.36 and its 200-day simple moving average is $141.69. The company has a market capitalization of $18.54 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.63 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $167.39.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $1.47 per share. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.70%. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

About Mid-America Apartment Communities

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.