Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 19.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,886 shares of the real estate investment trust's stock after purchasing an additional 7,020 shares during the period. Victory Capital Management Inc.'s holdings in Mid-America Apartment Communities were worth $6,815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $25,000. EdgeRock Capital LLC acquired a new stake in Mid-America Apartment Communities in the second quarter valued at about $26,000. Versant Capital Management Inc increased its position in shares of Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust's stock worth $32,000 after buying an additional 215 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the third quarter valued at approximately $37,000. Finally, UMB Bank n.a. raised 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 acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 1.6 %

Shares of MAA stock traded up $2.47 during trading hours on Friday, hitting $161.00. 219,275 shares of the company were exchanged, compared to its average volume of 745,673. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average of $156.87 and a 200 day moving average of $148.77. The firm has a market cap of $18.82 billion, a PE ratio of 35.82, a PEG ratio of 2.55 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 1 year low of $121.38 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 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 company 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 posted $2.29 earnings per share. The company's revenue was up 1.7% on a year-over-year basis. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities's dividend payout ratio is currently 132.73%.

Analyst Ratings Changes

MAA has been the topic of several recent research reports. Piper Sandler increased their price objective on shares of 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. BNP Paribas began coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a "neutral" rating and a $169.00 price objective for the company. Scotiabank dropped 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. Wedbush lifted their price objective on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Finally, Truist Financial upped their price target on 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 research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $161.64.

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.