Swedbank AB Acquires 5,178 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Swedbank AB grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,587 shares of the real estate investment trust's stock after buying an additional 5,178 shares during the quarter. Swedbank AB owned 0.17% of Mid-America Apartment Communities worth $32,350,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Mid-America Apartment Communities by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 155,906 shares of the real estate investment trust's stock worth $20,515,000 after purchasing an additional 492 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Mid-America Apartment Communities by 5.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 90 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Mid-America Apartment Communities by 29.0% during the first quarter. Tidal Investments LLC now owns 45,952 shares of the real estate investment trust's stock worth $6,046,000 after buying an additional 10,331 shares during the last quarter. Virtu Financial LLC increased its stake in Mid-America Apartment Communities by 56.6% in the first quarter. Virtu Financial LLC now owns 5,607 shares of the real estate investment trust's stock valued at $738,000 after acquiring an additional 2,027 shares during the period. Finally, PGGM Investments grew its holdings in shares of Mid-America Apartment Communities by 2.2% during the first quarter. PGGM Investments now owns 23,201 shares of the real estate investment trust's stock worth $3,053,000 after purchasing an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler raised their target price 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. Wells Fargo & Company raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $138.00 to $174.00 in a report on Monday, August 26th. JMP Securities increased their price target on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a "market outperform" rating in a report on Friday, August 2nd. Royal Bank of Canada dropped their price target on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. Finally, BNP Paribas initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a "neutral" rating and a $169.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of "Hold" and a consensus target price of $161.64.

Mid-America Apartment Communities Trading Up 0.7 %

Mid-America Apartment Communities stock traded up $1.18 during mid-day trading on Tuesday, hitting $163.16. 505,350 shares of the company's stock were exchanged, compared to its average volume of 747,185. 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's 50 day simple moving average is $156.67 and its 200-day simple moving average is $149.32. Mid-America Apartment Communities, Inc. has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The firm has a market capitalization of $19.07 billion, a P/E ratio of 36.85, a PEG ratio of 2.59 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released 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). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The business had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the prior year, the company earned $2.29 EPS. Mid-America Apartment Communities's quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $1.47 per share. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.60%. Mid-America Apartment Communities's dividend payout ratio is currently 132.73%.

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.