Empowered Funds LLC Boosts Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Empowered Funds LLC boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 39.5% in the third quarter, Holdings Channel.com reports. The firm owned 2,624 shares of the real estate investment trust’s stock after acquiring an additional 743 shares during the quarter. Empowered Funds LLC’s holdings in Mid-America Apartment Communities were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MAA. 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 buying an additional 492 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings 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 worth $227,000 after acquiring an additional 90 shares during the period. Tidal Investments LLC increased its stake in 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 purchasing an additional 10,331 shares in the last quarter. Virtu Financial LLC raised its holdings in Mid-America Apartment Communities by 56.6% during the first quarter. Virtu Financial LLC now owns 5,607 shares of the real estate investment trust’s stock worth $738,000 after purchasing an additional 2,027 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Mid-America Apartment Communities during the first quarter worth $26,107,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MAA shares. Piper Sandler lifted their price target on 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. BNP Paribas started coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 target price for the company. The Goldman Sachs Group began coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price target on the stock. JMP Securities upped their target price 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. Finally, Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $161.64.

Mid-America Apartment Communities Trading Up 1.5 %

Shares of MAA opened at $160.94 on Monday. Mid-America Apartment Communities, Inc. has a 12 month low of $121.38 and a 12 month high of $167.39. The stock’s 50-day moving average is $156.76 and its two-hundred day moving average is $149.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $18.81 billion, a PE ratio of 36.33, a P/E/G ratio of 2.55 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last released 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 analyst estimates of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 EPS. Equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 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.