Unigestion Holding SA Takes $725,000 Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Unigestion Holding SA purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,562 shares of the real estate investment trust's stock, valued at approximately $725,000.

A number of other large investors have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Mid-America Apartment Communities by 516.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust's stock valued at $170,694,000 after acquiring an additional 899,960 shares during the last quarter. Duquesne Family Office LLC bought a new position in Mid-America Apartment Communities during the 2nd quarter valued at approximately $91,868,000. Long Pond Capital LP lifted its holdings in Mid-America Apartment Communities by 550.9% in the 2nd quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust's stock worth $92,270,000 after buying an additional 547,607 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Mid-America Apartment Communities by 17.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust's stock worth $375,515,000 after buying an additional 393,067 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 107.1% during the second quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust's stock valued at $94,424,000 after buying an additional 342,335 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Up 0.0 %

Mid-America Apartment Communities stock traded up $0.02 during mid-day trading on Thursday, reaching $158.35. The stock had a trading volume of 612,473 shares, compared to its average volume of 742,470. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 2.56 and a beta of 0.90. 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, Inc. has a one year low of $121.51 and a one year high of $167.39. The company has a 50-day moving average price of $156.78 and a two-hundred day moving average price of $151.40.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results 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 return on equity of 8.38% and a net margin of 23.84%. The firm had revenue of $551.13 million during the quarter, compared to analysts' expectations of $548.53 million. During the same period last year, the firm posted $2.29 earnings per share. The firm's quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $1.515 dividend. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.83%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 136.79%.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They issued a "buy" rating and a $187.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada cut their price objective on Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Finally, Truist Financial increased their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a "buy" 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 stock. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Hold" and an average 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.