Asset Management One Co. Ltd. Sells 4,227 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Asset Management One Co. Ltd. lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,861 shares of the real estate investment trust’s stock after selling 4,227 shares during the period. Asset Management One Co. Ltd. owned approximately 0.20% of Mid-America Apartment Communities worth $37,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $26,000. Versant Capital Management Inc raised its position in shares of Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 215 shares during the period. UMB Bank n.a. raised its position in shares of 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 during the period. Capital Advisors Ltd. LLC raised its position in shares of Mid-America Apartment Communities by 305.1% during the second quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 238 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Mid-America Apartment Communities by 252.3% during the second quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 280 shares during the period. Institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JMP Securities raised their price target on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price on the stock in a research report on Monday, October 21st. UBS Group lifted their target price on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. Truist Financial lifted their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Scotiabank lifted their target price on Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.69.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $152.18 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a 12 month low of $118.68 and a 12 month high of $167.39. The stock has a 50 day moving average of $158.10 and a 200-day moving average of $146.24. The company has a market capitalization of $17.79 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.40 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last issued its 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). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $1.47 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.86%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 132.73%.

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.