Fairvoy Private Wealth LLC Makes New $404,000 Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Fairvoy Private Wealth LLC purchased a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 4th quarter, Holdings Channel reports. The fund purchased 2,614 shares of the real estate investment trust’s stock, valued at approximately $404,000.

A number of other institutional investors have also recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at approximately $1,286,000. Park Avenue Securities LLC raised its holdings in Mid-America Apartment Communities by 7.0% during the third quarter. Park Avenue Securities LLC now owns 2,108 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 138 shares during the last quarter. Czech National Bank boosted its position in Mid-America Apartment Communities by 6.9% during the third quarter. Czech National Bank now owns 23,808 shares of the real estate investment trust’s stock worth $3,783,000 after purchasing an additional 1,546 shares in the last quarter. GAMMA Investing LLC grew its holdings in Mid-America Apartment Communities by 17.4% in the third quarter. GAMMA Investing LLC now owns 1,893 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 281 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of Mid-America Apartment Communities by 82.8% in the third quarter. Mather Group LLC. now owns 437 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 198 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 0.5 %

Shares of NYSE MAA opened at $158.04 on Friday. The stock has a market capitalization of $18.47 billion, a PE ratio of 35.68, a P/E/G ratio of 2.46 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average of $153.77 and a 200-day moving average of $155.12. Mid-America Apartment Communities, Inc. has a 52-week low of $121.51 and a 52-week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. On average, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.89 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.83%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is presently 136.79%.

Analysts Set New Price Targets

MAA has been the topic of several recent research reports. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, January 10th. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a research note on Monday, October 21st. Barclays reduced their target price on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Mizuho cut their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and a consensus price target of $165.80.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.