Versor Investments LP Raises Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Versor Investments LP boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 237.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,208 shares of the real estate investment trust's stock after acquiring an additional 5,779 shares during the period. Versor Investments LP's holdings in Mid-America Apartment Communities were worth $1,304,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its position in shares of Mid-America Apartment Communities by 17.5% during the second 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 acquiring an additional 393,067 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Mid-America Apartment Communities by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust's stock worth $244,803,000 after buying an additional 97,672 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Mid-America Apartment Communities by 2.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust's stock valued at $234,497,000 after buying an additional 44,621 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Mid-America Apartment Communities by 1.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust's stock valued at $190,086,000 after acquiring an additional 21,000 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Mid-America Apartment Communities by 7.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,140,287 shares of the real estate investment trust's stock worth $162,616,000 after acquiring an additional 74,936 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAA shares. Deutsche Bank Aktiengesellschaft upped their price objective on Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. UBS Group upped their price target on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a "sell" rating in a research note on Thursday, July 18th. Truist Financial increased their price target on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Scotiabank lifted their price objective on Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a "sector perform" rating in a research report on Monday, September 16th. Finally, Raymond James raised 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 report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $161.69.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock traded down $0.25 during midday trading on Tuesday, reaching $159.76. 1,149,946 shares of the company's stock were exchanged, compared to its average volume of 754,398. Mid-America Apartment Communities, Inc. has a 52 week low of $118.72 and a 52 week high of $167.39. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 2.56 and a beta of 0.88. The stock's 50-day simple moving average is $157.48 and its 200 day simple moving average is $147.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09.

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

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 132.73%.

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.