Hahn Capital Management LLC Trims Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Hahn Capital Management LLC lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 33.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 36,968 shares of the real estate investment trust's stock after selling 18,810 shares during the period. Mid-America Apartment Communities accounts for about 3.8% of Hahn Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Hahn Capital Management LLC's holdings in Mid-America Apartment Communities were worth $5,874,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DecisionPoint Financial LLC purchased a new stake in Mid-America Apartment Communities in the 1st quarter worth about $26,000. EdgeRock Capital LLC purchased a new position in shares of Mid-America Apartment Communities in the second quarter worth $26,000. Versant Capital Management Inc lifted its position in Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 215 shares during the period. UMB Bank n.a. boosted its position in Mid-America Apartment Communities by 82.4% in the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 108 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Mid-America Apartment Communities by 305.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 238 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Down 1.8 %

Shares of Mid-America Apartment Communities stock traded down $2.75 during trading on Friday, hitting $153.32. 428,330 shares of the company were exchanged, compared to its average volume of 752,025. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $167.39. The firm's fifty day moving average price is $158.33 and its 200 day moving average price is $145.08. The firm has a market capitalization of $17.92 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.84%. Mid-America Apartment Communities's dividend payout ratio is presently 133.94%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MAA. UBS Group boosted their price target on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a "sell" rating in a report on Thursday, July 18th. BNP Paribas initiated coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a "neutral" rating and a $169.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a "hold" rating in a research report on Tuesday, September 10th. Piper Sandler upped 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 report on Monday, August 26th. Finally, Bank of America raised Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and increased their target price for the company from $144.00 to $189.00 in a report on Monday, August 12th. One analyst has 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $160.75.

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.