Virtu Financial LLC Makes New Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Virtu Financial LLC acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,310 shares of the real estate investment trust's stock, valued at approximately $1,162,000.

Several other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Mid-America Apartment Communities during the third quarter worth about $25,000. EdgeRock Capital LLC bought a new position in shares of Mid-America Apartment Communities during the second quarter worth approximately $26,000. Activest Wealth Management acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $32,000. UMB Bank n.a. raised its position in shares of 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 in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $37,000. Institutional investors own 93.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Scotiabank dropped their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Piper Sandler increased their price objective on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Truist Financial boosted their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a "buy" rating in a research report on Monday, August 26th. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. Finally, Raymond James upgraded shares of Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price objective for the company in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mid-America Apartment Communities has an average rating of "Hold" and a consensus price target of $162.68.

Mid-America Apartment Communities Trading Down 0.7 %

Shares of Mid-America Apartment Communities stock traded down $1.13 on Friday, hitting $157.22. The stock had a trading volume of 387,736 shares, compared to its average volume of 740,999. The stock has a 50 day moving average of $156.83 and a 200 day moving average of $151.57. 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, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39. The firm has a market capitalization of $18.38 billion, a P/E ratio of 35.49, a PEG ratio of 2.55 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released 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). 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 for the quarter, compared to the consensus estimate of $548.53 million. During the same period in the previous year, the business posted $2.29 EPS. Mid-America Apartment Communities's revenue was up 1.7% on a year-over-year basis. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.47. Mid-America Apartment Communities's payout ratio is 132.73%.

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.