Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,034 shares of the real estate investment trust's stock after purchasing an additional 6,066 shares during the quarter. Stifel Financial Corp owned about 0.09% of Mid-America Apartment Communities worth $17,167,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MAA. Ashton Thomas Securities LLC acquired a new stake in Mid-America Apartment Communities in the 3rd quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth $26,000. Activest Wealth Management purchased a new stake in shares of Mid-America Apartment Communities during the third quarter valued at $32,000. UMB Bank n.a. increased its position in shares of Mid-America Apartment Communities by 82.4% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 108 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Mid-America Apartment Communities in the 3rd quarter worth $37,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded down $0.59 on Tuesday, reaching $158.56. The company's stock had a trading volume of 474,165 shares, compared to its average volume of 741,531. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $18.53 billion, a P/E ratio of 35.88, a PEG ratio of 2.56 and a beta of 0.90. The stock has a 50-day moving average price of $156.67 and a 200-day moving average price of $151.12. Mid-America Apartment Communities, Inc. has a 52-week low of $121.51 and a 52-week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the company posted $2.29 earnings per share. The business's revenue was up 1.7% on a year-over-year basis. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.71%. Mid-America Apartment Communities's payout ratio is currently 132.73%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Raymond James upgraded Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price target on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Bank of America upgraded shares of Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and lifted 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 report on Monday, August 26th. Finally, Wells Fargo & Company raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $138.00 to $174.00 in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of "Hold" and an average target price of $162.68.

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.