Natixis Advisors LLC Raises Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Natixis Advisors LLC increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 194.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,193 shares of the real estate investment trust's stock after buying an additional 64,839 shares during the period. Natixis Advisors LLC owned 0.08% of Mid-America Apartment Communities worth $15,603,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Duquesne Family Office LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at $91,868,000. Long Pond Capital LP grew its position in Mid-America Apartment Communities by 550.9% in the second quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust's stock worth $92,270,000 after acquiring an additional 547,607 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Mid-America Apartment Communities by 17.5% during 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 during the period. Ceredex Value Advisors LLC boosted its position in Mid-America Apartment Communities by 107.1% during the second quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust's stock valued at $94,424,000 after buying an additional 342,335 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Mid-America Apartment Communities by 176.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 339,081 shares of the real estate investment trust's stock valued at $48,356,000 after acquiring an additional 216,610 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

MAA traded down $0.75 during trading hours on Wednesday, reaching $157.38. The company's stock had a trading volume of 132,373 shares, compared to its average volume of 747,242. The firm has a market cap of $18.39 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.54 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 52 week low of $120.99 and a 52 week high of $167.39. 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 company's 50-day moving average is $157.12 and its 200-day moving average is $148.64.

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 (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). The firm 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%. Mid-America Apartment Communities's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.29 EPS. On average, equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities's payout ratio is currently 132.73%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAA. Bank of America raised shares of Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and increased their price target for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. StockNews.com downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Tuesday, November 5th. Piper Sandler raised their price objective on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Truist Financial lifted their price objective 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. Finally, Scotiabank decreased their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $161.64.

Mid-America Apartment Communities 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.