Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Holdings Decreased by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,142 shares of the real estate investment trust’s stock after selling 662 shares during the quarter. Kentucky Retirement Systems’ holdings in Mid-America Apartment Communities were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth about $25,000. EdgeRock Capital LLC acquired a new stake in Mid-America Apartment Communities during the second quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in 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 during the last quarter. UMB Bank n.a. lifted its holdings in 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 during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Mid-America Apartment Communities in the third quarter valued at approximately $37,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MAA shares. Bank of America upgraded Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their price target for the stock from $144.00 to $189.00 in a research report on Monday, August 12th. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $138.00 to $174.00 in a research note on Monday, August 26th. Piper Sandler upped their price target on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. JMP Securities lifted their price objective on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Finally, Wedbush boosted their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Two investment analysts have 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.com, the company presently has an average rating of “Hold” and a consensus price target of $161.64.

Mid-America Apartment Communities Trading Up 0.3 %

Mid-America Apartment Communities stock opened at $158.52 on Tuesday. The firm’s 50 day moving average price is $157.23 and its two-hundred day moving average price is $148.46. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 2.54 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 1 year low of $120.32 and a 1 year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm 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 firm earned $2.29 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $1.47 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.71%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 132.73%.

About Mid-America Apartment Communities

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.