Swedbank AB Acquires New Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Swedbank AB acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 198,409 shares of the real estate investment trust’s stock, valued at approximately $26,107,000. Swedbank AB owned about 0.17% of Mid-America Apartment Communities as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MAA. DecisionPoint Financial LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at $26,000. First United Bank & Trust acquired a new position in Mid-America Apartment Communities in the 4th quarter valued at $27,000. Mather Group LLC. acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth $32,000. Emfo LLC acquired a new stake in shares of Mid-America Apartment Communities in the 4th quarter worth $40,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Mid-America Apartment Communities by 53.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 132 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $150.02 on Friday. The business has a 50-day moving average of $139.74 and a 200 day moving average of $133.60. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $17.53 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 3.27 and a beta of 0.85. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $152.02.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($1.01). The company had revenue of $543.60 million during the quarter, compared to analysts’ expectations of $541.44 million. Mid-America Apartment Communities had a net margin of 23.73% and a return on equity of 8.25%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 EPS. As a group, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.85 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Monday, July 15th. Mid-America Apartment Communities’s payout ratio is presently 123.27%.

Analyst Ratings Changes

A number of analysts have issued reports on MAA shares. Truist Financial raised their target price on Mid-America Apartment Communities from $148.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Mizuho raised their target price on Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Janney Montgomery Scott raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, June 13th. UBS Group raised 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. Finally, Wells Fargo & Company raised their price objective on Mid-America Apartment Communities from $129.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $143.38.

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.