National Bank of Canada FI Has $9.49 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

National Bank of Canada FI grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 84.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,733 shares of the real estate investment trust's stock after buying an additional 27,328 shares during the quarter. National Bank of Canada FI owned 0.05% of Mid-America Apartment Communities worth $9,492,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Mid-America Apartment Communities in the third quarter valued at $25,000. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at $26,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth about $32,000. UMB Bank n.a. increased 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 in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Mid-America Apartment Communities during the 3rd quarter valued at about $37,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on MAA shares. The Goldman Sachs Group started 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 on the stock. Scotiabank decreased their price target on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. 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 stock a "hold" rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $138.00 to $174.00 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, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $162.68.

Mid-America Apartment Communities Trading Up 0.0 %

NYSE:MAA traded up $0.02 during trading hours on Thursday, hitting $158.35. 612,473 shares of the stock were exchanged, compared to its average volume of 741,033. The company's 50 day moving average is $156.71 and its two-hundred day moving average is $151.35. Mid-America Apartment Communities, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39. 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 company has a market capitalization of $18.51 billion, a P/E ratio of 36.23, a price-to-earnings-growth ratio of 2.56 and a beta of 0.90.

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 analysts' consensus estimates of $2.18 by ($1.20). The company had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $2.29 EPS. On average, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $1.515 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.83%. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.47. Mid-America Apartment Communities's dividend payout ratio is 136.79%.

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.