Pathway Financial Advisers LLC Has $534,000 Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Pathway Financial Advisers LLC lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 26.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,363 shares of the real estate investment trust’s stock after purchasing an additional 706 shares during the period. Pathway Financial Advisers LLC’s holdings in Mid-America Apartment Communities were worth $534,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DecisionPoint Financial LLC bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth approximately $26,000. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities during the second quarter worth approximately $26,000. Versant Capital Management Inc raised its stake 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 buying an additional 215 shares during the last quarter. UMB Bank n.a. raised its stake 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 buying an additional 108 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake 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 buying an additional 238 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAA. UBS Group boosted their price target on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th. BNP Paribas started coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 target price for the company. Scotiabank upped their target price on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. Wedbush upped their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada upped their target price on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.75.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $153.32 on Friday. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $167.39. The firm has a fifty day simple moving average of $158.34 and a 200 day simple moving average of $145.29. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.48 and a beta of 0.88. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is 133.94%.

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.