Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 34.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,582 shares of the real estate investment trust's stock after purchasing an additional 4,794 shares during the quarter. Quantinno Capital Management LP's holdings in Mid-America Apartment Communities were worth $2,953,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Mid-America Apartment Communities during the third quarter valued at approximately $25,000. EdgeRock Capital LLC purchased a new stake in Mid-America Apartment Communities during the 2nd quarter worth approximately $26,000. Activest Wealth Management purchased a new position in Mid-America Apartment Communities in the 3rd quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth about $37,000. Finally, 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. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 0.2 %

Shares of NYSE MAA traded down $0.27 during midday trading on Tuesday, hitting $158.88. 202,987 shares of the company's stock were exchanged, compared to its average volume of 740,349. The firm's fifty day simple moving average is $156.67 and its 200-day simple moving average is $151.12. The company has a market cap of $18.57 billion, a PE ratio of 35.88, a P/E/G ratio of 2.56 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 EPS. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal 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 given a $1.47 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.70%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 132.73%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MAA. 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. Scotiabank reduced their price target on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Truist Financial raised 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. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $138.00 to $174.00 in a research note on Monday, August 26th. Finally, Piper Sandler raised their price target 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $162.68.

About Mid-America Apartment Communities

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.