Orion Portfolio Solutions LLC Has $3.38 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Orion Portfolio Solutions LLC grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 45.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,294 shares of the real estate investment trust's stock after buying an additional 6,671 shares during the period. Orion Portfolio Solutions LLC's holdings in Mid-America Apartment Communities were worth $3,384,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MAA. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $26,000. Activest Wealth Management acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $37,000. Finally, UMB Bank n.a. raised 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 worth $34,000 after purchasing an additional 108 shares during the period. Institutional investors own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of research reports. 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 target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Scotiabank reduced their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Bank of America raised Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and raised their target price for the stock from $144.00 to $189.00 in a research report on Monday, August 12th. Finally, The Goldman Sachs Group began coverage on Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a "buy" rating and a $187.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $162.68.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock traded down $0.52 during trading on Tuesday, reaching $158.64. The company's stock had a trading volume of 474,694 shares, compared to its average volume of 741,533. 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 business's fifty day moving average price is $156.69 and its 200-day moving average price is $151.30. The firm has a market cap of $18.54 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 2.56 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year 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 analysts' consensus estimates 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 firm had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same period last year, the business earned $2.29 earnings per share. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a yield of 3.82%. Mid-America Apartment Communities's dividend payout ratio (DPR) 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.