EP Wealth Advisors LLC Purchases Shares of 3,441 Mid-America Apartment Communities, Inc. (NYSE:MAA)

EP Wealth Advisors LLC bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,441 shares of the real estate investment trust's stock, valued at approximately $547,000.

A number of other hedge funds have also modified their holdings of MAA. Wealth Enhancement Advisory Services LLC grew its position in Mid-America Apartment Communities by 52.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,468 shares of the real estate investment trust's stock worth $8,766,000 after acquiring an additional 21,212 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Mid-America Apartment Communities by 6.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,698 shares of the real estate investment trust's stock worth $385,000 after acquiring an additional 166 shares during the last quarter. Portside Wealth Group LLC bought a new stake in Mid-America Apartment Communities during the 2nd quarter worth approximately $808,000. Blue Trust Inc. grew its position in Mid-America Apartment Communities by 940.2% during the 2nd quarter. Blue Trust Inc. now owns 4,015 shares of the real estate investment trust's stock worth $528,000 after acquiring an additional 3,629 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in Mid-America Apartment Communities during the 2nd quarter worth approximately $220,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MAA shares. BNP Paribas started coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a "neutral" rating and a $169.00 price target on the stock. Truist Financial increased their price target on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their price objective on 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. Wells Fargo & Company upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $138.00 to $174.00 in a research report on Monday, August 26th. Finally, The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a "buy" rating and a $187.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of "Hold" and an average price target of $162.68.

Mid-America Apartment Communities Trading Up 0.0 %

Shares of MAA stock traded up $0.02 during trading hours on Thursday, reaching $158.35. The company had a trading volume of 612,473 shares, compared to its average volume of 741,033. The company has a 50 day moving average of $156.71 and a 200 day moving average of $151.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 2.56 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 1-year low of $121.51 and a 1-year high of $167.39.

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 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). The business had revenue of $551.13 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 EPS. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.83%. The ex-dividend date is Wednesday, January 15th. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.47. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 136.79%.

Mid-America Apartment Communities 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.