Nisa Investment Advisors LLC Sells 7,154 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Nisa Investment Advisors LLC decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,581 shares of the real estate investment trust's stock after selling 7,154 shares during the period. Nisa Investment Advisors LLC owned approximately 0.09% of Mid-America Apartment Communities worth $17,571,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MAA. DecisionPoint Financial LLC bought a new position in Mid-America Apartment Communities during the 1st quarter worth $26,000. EdgeRock Capital LLC bought a new position in Mid-America Apartment Communities during the 2nd quarter worth $26,000. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 215 shares in the last quarter. UMB Bank n.a. grew its holdings 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, Capital Advisors Ltd. LLC grew its holdings in shares of Mid-America Apartment Communities by 305.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 93.60% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MAA shares. Scotiabank increased their target price on Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a "sector perform" rating in a report on Monday, September 16th. Bank of America raised Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and increased their target price for the stock from $144.00 to $189.00 in a report on Monday, August 12th. Raymond James raised Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 target price on the stock in a report on Monday, October 21st. BNP Paribas started coverage on Mid-America Apartment Communities in a report on Wednesday, September 11th. They set a "neutral" rating and a $169.00 target price on the stock. Finally, Piper Sandler increased their target price on Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.75.

Mid-America Apartment Communities Trading Up 0.9 %

MAA stock traded up $1.32 during mid-day trading on Wednesday, reaching $152.29. The company's stock had a trading volume of 690,431 shares, compared to its average volume of 749,310. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88. The business's 50 day moving average price is $158.32 and its 200 day moving average price is $145.69. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $167.39.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $1.47 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.86%. Mid-America Apartment Communities's payout ratio is currently 123.27%.

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.