National Pension Service Has $30.44 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

National Pension Service decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,565 shares of the real estate investment trust's stock after selling 7,534 shares during the quarter. National Pension Service owned 0.16% of Mid-America Apartment Communities worth $30,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its position in shares of Mid-America Apartment Communities by 17.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust's stock valued at $375,515,000 after buying an additional 393,067 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mid-America Apartment Communities by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust's stock worth $244,803,000 after acquiring an additional 97,672 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Mid-America Apartment Communities by 2.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust's stock worth $234,497,000 after buying an additional 44,621 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Mid-America Apartment Communities by 1.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust's stock worth $190,086,000 after buying an additional 21,000 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Mid-America Apartment Communities by 7.0% during the second quarter. 1832 Asset Management L.P. now owns 1,140,287 shares of the real estate investment trust's stock worth $162,616,000 after buying an additional 74,936 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock traded up $5.13 during trading hours on Friday, reaching $159.82. 266,312 shares of the company's stock were exchanged, compared to its average volume of 752,112. The company has a market cap of $18.68 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.45 and a beta of 0.88. 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 company's 50 day moving average is $157.59 and its two-hundred day moving average is $146.74. 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 released 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). 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 during the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the company earned $2.29 EPS. The business's revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities's payout ratio is currently 132.73%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MAA. Raymond James upgraded Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price objective on the stock in a research report on Monday, October 21st. Truist Financial lifted their target price 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. Wells Fargo & Company upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $138.00 to $174.00 in a research report on Monday, August 26th. 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 on the stock. Finally, Bank of America upgraded Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and lifted their target price for the company from $144.00 to $189.00 in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.