Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Pensionfund Sabic

Pensionfund Sabic decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,650 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Pensionfund Sabic’s holdings in Mid-America Apartment Communities were worth $1,692,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MAA. DecisionPoint Financial LLC purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at about $26,000. EdgeRock Capital LLC purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $26,000. Mather Group LLC. acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth approximately $32,000. Versant Capital Management Inc increased its stake in Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in 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 worth $34,000 after purchasing an additional 108 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Up 0.1 %

MAA opened at $153.23 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39. The firm has a 50 day moving average price of $157.73 and a 200 day moving average price of $143.29. The company has a market cap of $17.90 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.63 and a beta of 0.88.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

Analyst Ratings Changes

Several research firms have recently issued reports on MAA. Truist Financial lifted their price target on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Bank of America raised shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. Janney Montgomery Scott raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, June 13th. BNP Paribas initiated coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $159.91.

Mid-America Apartment Communities 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.