Blair William & Co. IL lowered its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,326 shares of the real estate investment trust’s stock after selling 260 shares during the quarter. Blair William & Co. IL’s holdings in Mid-America Apartment Communities were worth $208,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Mid-America Apartment Communities by 22.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 10,107 shares of the real estate investment trust’s stock valued at $1,587,000 after buying an additional 1,875 shares in the last quarter. Tredje AP fonden boosted its stake in shares of Mid-America Apartment Communities by 2.4% in the fourth quarter. Tredje AP fonden now owns 23,337 shares of the real estate investment trust’s stock worth $3,664,000 after acquiring an additional 558 shares during the period. Commerce Bank grew its position in shares of Mid-America Apartment Communities by 3.6% during the fourth quarter. Commerce Bank now owns 6,463 shares of the real estate investment trust’s stock worth $1,015,000 after purchasing an additional 225 shares in the last quarter. CI Investments Inc. raised its stake in Mid-America Apartment Communities by 118.2% during the 4th quarter. CI Investments Inc. now owns 323 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 175 shares during the period. Finally, abrdn plc lifted its holdings in Mid-America Apartment Communities by 0.3% in the 4th quarter. abrdn plc now owns 251,855 shares of the real estate investment trust’s stock worth $39,539,000 after purchasing an additional 863 shares in the last quarter. 91.20% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on MAA. Scotiabank cut shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and set a $150.00 price objective on the stock. in a research report on Wednesday, April 12th. Barclays decreased their price target on shares of Mid-America Apartment Communities from $192.00 to $181.00 in a research note on Wednesday. Truist Financial cut their price objective on 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. Mizuho decreased their target price on Mid-America Apartment Communities from $176.00 to $159.00 in a research report on Friday, May 19th. Finally, Wells Fargo & Company began coverage on Mid-America Apartment Communities in a research note on Wednesday, March 29th. They set an “equal weight” rating and a $156.50 price target for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $168.57.
Insider Buying and Selling at Mid-America Apartment Communities
Mid-America Apartment Communities Trading Down 0.0 %
Shares of MAA opened at $147.06 on Thursday. The company’s fifty day simple moving average is $148.82 and its 200-day simple moving average is $156.05. The company has a market cap of $17.16 billion, a P/E ratio of 25.80, a P/E/G ratio of 8.04 and a beta of 0.77. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.69. Mid-America Apartment Communities, Inc. has a twelve month low of $138.68 and a twelve month high of $190.17.
Mid-America Apartment Communities Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, July 13th. Mid-America Apartment Communities’s payout ratio is currently 98.25%.
Mid-America Apartment Communities Company Profile
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.
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