GW Henssler & Associates Ltd. Purchases New Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

GW Henssler & Associates Ltd. acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,370 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAA. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter worth $26,000. EdgeRock Capital LLC acquired a new stake in Mid-America Apartment Communities during the 2nd quarter worth about $26,000. Versant Capital Management Inc grew its stake in Mid-America Apartment Communities by 3,071.4% during the 2nd 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 in the last quarter. UMB Bank n.a. increased its holdings in shares of Mid-America Apartment Communities by 82.4% in 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 period. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Mid-America Apartment Communities by 305.1% in the second quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 238 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Down 1.8 %

Mid-America Apartment Communities stock opened at $150.97 on Wednesday. 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 debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $17.64 billion, a PE ratio of 31.65, a PEG ratio of 2.48 and a beta of 0.88. The business’s 50-day simple moving average is $158.32 and its 200-day simple moving average is $145.69.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

Analyst Ratings Changes

Several research analysts have weighed in on MAA shares. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $138.00 to $174.00 in a research note on Monday, August 26th. The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a report on Wednesday, September 4th. They set a “buy” rating and a $187.00 price objective for the company. BNP Paribas initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 target price on the stock. Wedbush raised 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. Finally, Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.75.

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.