Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 21.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,951 shares of the real estate investment trust's stock after selling 3,992 shares during the period. Mid-America Apartment Communities comprises approximately 1.0% of Foresight Group Ltd Liability Partnership's holdings, making the stock its 15th biggest holding. Foresight Group Ltd Liability Partnership's holdings in Mid-America Apartment Communities were worth $2,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAA. Wellington Management Group LLP increased its stake in Mid-America Apartment Communities by 323.8% during the 4th quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust's stock worth $5,430,000 after buying an additional 30,855 shares during the period. Mather Group LLC. bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth about $32,000. Vert Asset Management LLC bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth about $397,000. Pasadena Private Wealth LLC increased its position in shares of Mid-America Apartment Communities by 43.5% in the 1st quarter. Pasadena Private Wealth LLC now owns 2,674 shares of the real estate investment trust's stock worth $352,000 after purchasing an additional 811 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth about $158,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

MAA has been the subject of several research analyst reports. UBS Group boosted their target price on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a "sell" rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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. Truist Financial boosted their price objective on shares of 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 raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $138.00 to $174.00 in a research report on Monday, August 26th. Finally, Raymond James raised shares of Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price objective for the company in a research report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $160.75.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded up $2.61 during trading on Wednesday, reaching $156.52. The company had a trading volume of 819,280 shares, compared to its average volume of 754,898. The firm's fifty day moving average is $158.28 and its 200 day moving average is $145.00. The firm has a market capitalization of $18.29 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $167.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Tuesday, October 15th. Mid-America Apartment Communities's dividend payout ratio is currently 123.27%.

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.