Benjamin Edwards Inc. Grows Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Benjamin Edwards Inc. raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2,378.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,339 shares of the real estate investment trust's stock after purchasing an additional 80,936 shares during the period. Benjamin Edwards Inc. owned 0.07% of Mid-America Apartment Communities worth $13,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $25,000. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities in the second quarter valued at approximately $26,000. Versant Capital Management Inc lifted its stake 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 buying an additional 215 shares in the last quarter. Activest Wealth Management bought a new position in Mid-America Apartment Communities in the 3rd quarter worth approximately $32,000. Finally, UMB Bank n.a. grew its stake in 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 in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MAA shares. Scotiabank reduced their price target on 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. Piper Sandler lifted their target price on Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. The Goldman Sachs Group assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a "buy" rating and a $187.00 price objective for the company. Finally, Truist Financial increased their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $162.68.

Mid-America Apartment Communities Trading Down 0.3 %

Shares of MAA traded down $0.54 during mid-day trading on Tuesday, reaching $161.76. The company's stock had a trading volume of 206,450 shares, compared to its average volume of 743,093. Mid-America Apartment Communities, Inc. has a 52 week low of $121.51 and a 52 week high of $167.39. The stock has a market cap of $18.91 billion, a PE ratio of 36.66, a P/E/G ratio of 2.64 and a beta of 0.90. The company's fifty day moving average price is $156.70 and its two-hundred day moving average price is $150.29. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly 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 return on equity of 8.38% and a net margin of 23.84%. The business had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. During the same period in the prior year, the firm earned $2.29 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared 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 was Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.64%. Mid-America Apartment Communities's payout ratio is 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.