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

Asset Management One Co. Ltd. lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.’s holdings in Mid-America Apartment Communities were worth $37,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Mid-America Apartment Communities by 13.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,480 shares of the real estate investment trust’s stock worth $3,103,000 after acquiring an additional 2,727 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Mid-America Apartment Communities by 33.3% in the first quarter. BNP Paribas Financial Markets now owns 192,444 shares of the real estate investment trust’s stock valued at $25,322,000 after buying an additional 48,095 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Mid-America Apartment Communities by 0.9% in the first quarter. Janney Montgomery Scott LLC now owns 21,935 shares of the real estate investment trust’s stock valued at $2,886,000 after purchasing an additional 201 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Mid-America Apartment Communities in the first quarter valued at $133,000. Finally, Nordea Investment Management AB grew its position in shares of Mid-America Apartment Communities by 7.2% in the first quarter. Nordea Investment Management AB now owns 166,251 shares of the real estate investment trust’s stock valued at $21,882,000 after purchasing an additional 11,100 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MAA shares. JMP Securities lifted their price target on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $138.00 to $174.00 in a research report on Monday, August 26th. Truist Financial lifted their price target 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. Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a research report on Monday, October 21st. Finally, BNP Paribas started coverage on 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.69.

Mid-America Apartment Communities Trading Up 2.0 %

NYSE MAA opened at $152.18 on Tuesday. Mid-America Apartment Communities, Inc. has a 1-year low of $118.68 and a 1-year high of $167.39. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $158.10 and a 200-day moving average of $146.24. The firm has a market cap of $17.79 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The company had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. During the same period last year, the firm posted $2.29 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is 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.