Graham Capital Wealth Management LLC Invests $3.19 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Graham Capital Wealth Management LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,400 shares of the real estate investment trust’s stock, valued at approximately $3,194,000. Mid-America Apartment Communities comprises 4.3% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Mid-America Apartment Communities by 323.8% in the fourth quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock worth $5,430,000 after acquiring an additional 30,855 shares during the period. Perpetual Ltd acquired a new position in shares of Mid-America Apartment Communities in the first quarter worth approximately $15,413,000. Miller Howard Investments Inc. NY lifted its stake in shares of Mid-America Apartment Communities by 9.9% in the first quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock worth $25,984,000 after acquiring an additional 17,765 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Mid-America Apartment Communities by 159.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock worth $3,531,000 after acquiring an additional 16,144 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its stake in shares of Mid-America Apartment Communities by 172.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 16,154 shares of the real estate investment trust’s stock worth $2,126,000 after acquiring an additional 10,227 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. Wedbush boosted 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. Deutsche Bank Aktiengesellschaft boosted their price target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price target on the stock. Finally, JMP Securities boosted their price target on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $159.91.

Mid-America Apartment Communities Trading Up 0.7 %

Shares of Mid-America Apartment Communities stock opened at $158.88 on Tuesday. The stock has a fifty day simple moving average of $155.92 and a 200 day simple moving average of $142.19. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $167.39. The company has a market capitalization of $18.56 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 2.63 and a beta of 0.88. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 annualized dividend and a yield of 3.70%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 123.27%.

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.