Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 56.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 99,686 shares of the real estate investment trust's stock after buying an additional 36,048 shares during the quarter. Los Angeles Capital Management LLC owned 0.09% of Mid-America Apartment Communities worth $15,840,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EdgeRock Capital LLC purchased a new stake in Mid-America Apartment Communities during the second quarter worth approximately $26,000. Versant Capital Management Inc boosted its holdings in shares of Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 215 shares in the last quarter. UMB Bank n.a. grew its position 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 buying an additional 108 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter worth $37,000. Finally, Capital Advisors Ltd. LLC lifted its position in 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 valued at $45,000 after acquiring an additional 238 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

NYSE:MAA traded up $0.88 during trading hours on Monday, reaching $160.02. 572,050 shares of the company traded hands, compared to its average volume of 752,584. 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's 50-day moving average is $157.48 and its 200-day moving average is $147.46. The stock has a market cap of $18.70 billion, a P/E ratio of 36.12, a P/E/G ratio of 2.56 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 1-year low of $118.72 and a 1-year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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). 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 during the quarter, compared to analyst estimates of $548.53 million. During the same period in the previous year, the firm posted $2.29 EPS. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.67%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 132.73%.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research reports. Piper Sandler raised their price target on Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Raymond James upgraded shares of 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 report on Monday, October 21st. Royal Bank of Canada lowered their price objective on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Bank of America raised shares of Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and upped their target price for the company from $144.00 to $189.00 in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities has a consensus rating of "Hold" and a consensus target price of $161.69.

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.