Natixis Advisors L.P. Grows Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Posted by Defense World Staff on Apr 15th, 2023

Natixis Advisors L.P. grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,635 shares of the real estate investment trust’s stock after purchasing an additional 510 shares during the quarter. Natixis Advisors L.P.’s holdings in Mid-America Apartment Communities were worth $6,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Murphy Middleton Hinkle & Parker Inc. increased its position in shares of Mid-America Apartment Communities by 3.8% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 1,910 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 70 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Mid-America Apartment Communities by 5.9% during the 3rd quarter. Avantax Advisory Services Inc. now owns 1,394 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 78 shares during the last quarter. Pathstone Family Office LLC increased its position in shares of Mid-America Apartment Communities by 2.4% during the 3rd quarter. Pathstone Family Office LLC now owns 3,425 shares of the real estate investment trust’s stock valued at $531,000 after purchasing an additional 80 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Mid-America Apartment Communities by 6.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,463 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 84 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Mid-America Apartment Communities by 3.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,602 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 91.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MAA. Truist Financial reduced their price target on shares of Mid-America Apartment Communities from $178.00 to $159.00 and set a “hold” rating for the company in a research report on Monday, March 27th. JMP Securities increased their target price on shares of Mid-America Apartment Communities from $180.00 to $190.00 and gave the stock a “market outperform” rating in a report on Friday, February 3rd. Piper Sandler reduced their target price on shares of Mid-America Apartment Communities from $195.00 to $182.00 and set an “overweight” rating for the company in a report on Wednesday, April 5th. Credit Suisse Group lowered shares of Mid-America Apartment Communities from an “outperform” rating to a “neutral” rating and set a $160.00 target price for the company. in a report on Monday, January 9th. Finally, Mizuho increased their target price on shares of Mid-America Apartment Communities from $175.00 to $176.00 and gave the stock a “neutral” rating in a report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $173.82.

Insider Activity

In other news, EVP Melanie Carpenter sold 480 shares of the stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $150.21, for a total transaction of $72,100.80. Following the completion of the transaction, the executive vice president now directly owns 16,669 shares in the company, valued at approximately $2,503,850.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.34% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.2 %

MAA stock opened at $147.06 on Friday. Mid-America Apartment Communities, Inc. has a 1-year low of $138.68 and a 1-year high of $215.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 8.54 and a beta of 0.77. The business has a 50 day simple moving average of $155.87 and a two-hundred day simple moving average of $156.63.

Mid-America Apartment Communities (NYSE:MAA – Get Rating) last posted its earnings results on Thursday, February 2nd. The real estate investment trust reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.61). The firm had revenue of $527.97 million for the quarter, compared to the consensus estimate of $529.90 million. Mid-America Apartment Communities had a net margin of 31.51% and a return on equity of 10.72%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.90 earnings per share. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.74 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be given a dividend of $1.40 per share. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, April 13th. Mid-America Apartment Communities’s dividend payout ratio is currently 102.00%.

Mid-America Apartment Communities Profile

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Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned.