Versor Investments LP Has $1.30 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Versor Investments LP lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 237.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,208 shares of the real estate investment trust’s stock after acquiring an additional 5,779 shares during the quarter. Versor Investments LP’s holdings in Mid-America Apartment Communities were worth $1,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. QRG Capital Management Inc. lifted its holdings in Mid-America Apartment Communities by 12.8% during the 2nd quarter. QRG Capital Management Inc. now owns 30,516 shares of the real estate investment trust’s stock worth $4,352,000 after buying an additional 3,451 shares in the last quarter. Swedbank AB bought a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $26,107,000. Prosperity Consulting Group LLC bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $2,572,000. Portside Wealth Group LLC bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $808,000. Finally, Empowered Funds LLC bought a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $232,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on MAA. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group initiated 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. Royal Bank of Canada lowered their price objective on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Truist Financial upped their price objective on shares of 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. Finally, StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $161.69.

Mid-America Apartment Communities Trading Up 0.6 %

Mid-America Apartment Communities stock opened at $160.02 on Tuesday. The firm has a 50-day moving average of $157.48 and a 200-day moving average of $147.46. Mid-America Apartment Communities, Inc. has a one year low of $118.72 and a one year high of $167.39. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 2.56 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts expect 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. Stockholders of record on Tuesday, October 15th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.67%. Mid-America Apartment Communities’s dividend 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.