B. Metzler seel. Sohn & Co. Holding AG Purchases New Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,172 shares of the real estate investment trust's stock, valued at approximately $1,140,000.

Several other large investors have also recently bought and sold shares of MAA. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities during the 3rd quarter valued at about $25,000. EdgeRock Capital LLC acquired a new position in Mid-America Apartment Communities during the 2nd quarter valued at about $26,000. Versant Capital Management Inc boosted its position in shares of 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 purchasing an additional 215 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Mid-America Apartment Communities by 82.4% during 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 in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently 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 raised their price objective for the company from $138.00 to $174.00 in a research report on Monday, August 26th. Scotiabank reduced their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised their price objective 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. The Goldman Sachs Group started coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 4th. They set a "buy" rating and a $187.00 price objective for the company. Finally, Truist Financial raised their price objective on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a "buy" rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of "Hold" and an average target price of $161.64.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded up $2.41 on Friday, hitting $160.94. The stock had a trading volume of 507,143 shares, compared to its average volume of 690,433. 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 firm's 50 day moving average price is $156.76 and its 200-day moving average price is $148.94. Mid-America Apartment Communities, Inc. has a twelve month low of $121.38 and a twelve month high of $167.39. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 2.55 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Mid-America Apartment Communities's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 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.