Healthcare of Ontario Pension Plan Trust Fund Acquires New Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,000 shares of the real estate investment trust's stock, valued at approximately $7,627,000.

Several other institutional investors also recently made changes to their positions in the stock. Duquesne Family Office LLC acquired a new stake in Mid-America Apartment Communities in the second quarter worth $91,868,000. Long Pond Capital LP increased its holdings in shares of Mid-America Apartment Communities by 550.9% in the 2nd quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust's stock worth $92,270,000 after acquiring an additional 547,607 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Mid-America Apartment Communities by 17.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust's stock valued at $375,515,000 after purchasing an additional 393,067 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in Mid-America Apartment Communities by 107.1% during the 2nd quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust's stock valued at $94,424,000 after purchasing an additional 342,335 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Mid-America Apartment Communities by 176.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 339,081 shares of the real estate investment trust's stock worth $48,356,000 after purchasing an additional 216,610 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

MAA has been the subject of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on Mid-America Apartment Communities in a report on Wednesday, September 4th. They issued a "buy" rating and a $187.00 price objective for the company. Scotiabank lowered their price target on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. 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 note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased 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. Finally, Wedbush upped their price target on shares of 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and a consensus target price of $162.68.

Mid-America Apartment Communities Trading Down 0.6 %

MAA traded down $1.04 during trading on Friday, reaching $164.16. The company had a trading volume of 578,363 shares, compared to its average volume of 745,539. The firm's 50-day simple moving average is $156.72 and its 200 day simple moving average is $149.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.66 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 12-month low of $121.51 and a 12-month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.20). The firm had revenue of $551.13 million during the quarter, compared to analysts' expectations of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business's revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $2.29 earnings per share. Equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

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 of this dividend was Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.58%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 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.