Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 92,328 shares of the real estate investment trust’s stock after buying an additional 613 shares during the period. Stonegate Investment Group LLC owned approximately 0.08% of Mid-America Apartment Communities worth $14,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities in the second quarter worth $26,000. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter worth $26,000. Versant Capital Management Inc increased its position in shares of Mid-America Apartment Communities by 3,071.4% in the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of 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% in the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 108 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Up 0.6 %

NYSE MAA traded up $0.93 during trading hours on Friday, reaching $153.89. 73,899 shares of the company traded hands, compared to its average volume of 754,948. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $167.39. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $17.98 billion, a PE ratio of 32.07, a PEG ratio of 2.47 and a beta of 0.88. The company has a 50 day moving average of $158.16 and a two-hundred day moving average of $144.14.

Mid-America Apartment Communities Announces Dividend

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 paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.82%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 123.27%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of 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. JMP Securities increased their price objective on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. Truist Financial raised their price target on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Wells Fargo & Company raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $138.00 to $174.00 in a report on Monday, August 26th. Finally, The Goldman Sachs Group began coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 4th. They set a “buy” rating and a $187.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.91.

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.