Leeward Investments LLC MA Makes New Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Leeward Investments LLC MA acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 52,971 shares of the real estate investment trust’s stock, valued at approximately $8,417,000.

Other large investors also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc lifted its holdings in Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares during the last quarter. UMB Bank n.a. lifted its holdings in Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in Mid-America Apartment Communities by 305.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

MAA has been the subject of several research reports. JMP Securities raised their price target on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Scotiabank raised their price target on Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a report on Monday, September 16th. Piper Sandler raised their price target on Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Truist Financial raised their price target on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, UBS Group increased their price objective on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $161.69.

Mid-America Apartment Communities Stock Up 0.7 %

Shares of NYSE MAA opened at $154.69 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 52 week low of $118.72 and a 52 week high of $167.39. The stock has a market capitalization of $18.08 billion, a P/E ratio of 34.92, a PEG ratio of 2.45 and a beta of 0.88. The stock’s fifty day moving average is $157.59 and its 200 day moving average is $146.74.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share 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 net margin of 23.84% and a return on equity of 8.38%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $2.29 earnings per share. Sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.80%. The ex-dividend date 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.