VitalStone Financial LLC Acquires Shares of 1,141 Mid-America Apartment Communities, Inc. (NYSE:MAA)

VitalStone Financial LLC bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the third quarter, Holdings Channel reports. The firm bought 1,141 shares of the real estate investment trust’s stock, valued at approximately $181,000.

A number of other hedge funds have also added to or reduced their stakes in MAA. EdgeRock Capital LLC bought a new position in Mid-America Apartment Communities during the 2nd quarter valued at $26,000. DecisionPoint Financial LLC purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter worth approximately $26,000. Versant Capital Management Inc increased 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 valued at $32,000 after acquiring an additional 215 shares during the last quarter. Mather Group LLC. purchased a new position in Mid-America Apartment Communities in the first quarter worth $32,000. Finally, UMB Bank n.a. increased its position in shares of 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. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MAA shares. Bank of America upgraded shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and boosted their target price for the company from $144.00 to $189.00 in a research note on Monday, August 12th. Wedbush increased their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. The Goldman Sachs Group started coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price for the company. UBS Group upped their price target on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average target price of $159.91.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $153.41 on Monday. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.47 and a beta of 0.88. The stock has a fifty day moving average of $157.91 and a 200 day moving average of $143.70. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $167.39. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.83%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

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.