Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 33.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,804 shares of the real estate investment trust's stock after buying an additional 3,424 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Mid-America Apartment Communities were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MAA. EdgeRock Capital LLC purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $26,000. DecisionPoint Financial LLC purchased a new stake in shares of Mid-America Apartment Communities in the first quarter valued at about $26,000. Versant Capital Management Inc lifted its holdings in shares of Mid-America Apartment Communities by 3,071.4% in the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 215 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 108 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Mid-America Apartment Communities by 305.1% in the second quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock traded down $0.81 during trading hours on Thursday, reaching $151.34. The company's stock had a trading volume of 1,742,081 shares, compared to its average volume of 753,968. The company's 50 day simple moving average is $158.30 and its 200 day simple moving average is $145.74. 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, Inc. has a one year low of $115.56 and a one year high of $167.39. The stock has a market cap of $17.68 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.89%. Mid-America Apartment Communities's payout ratio is currently 123.27%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JMP Securities upped their price objective on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a "market outperform" rating in a research note on Friday, August 2nd. The Goldman Sachs Group assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a "buy" rating and a $187.00 price objective on the stock. Bank of America raised shares of Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and upped their price objective for the company from $144.00 to $189.00 in a research note on Monday, August 12th. Truist Financial upped 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 note on Monday, August 26th. Finally, BNP Paribas began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They set a "neutral" rating and a $169.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $160.75.

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.