Wolverine Asset Management LLC Has $1.56 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Wolverine Asset Management LLC lowered its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 53.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,807 shares of the real estate investment trust's stock after selling 11,400 shares during the period. Wolverine Asset Management LLC's holdings in Mid-America Apartment Communities were worth $1,558,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Johnson Investment Counsel Inc. boosted its holdings in shares of Mid-America Apartment Communities by 1.1% during the second quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust's stock worth $996,000 after acquiring an additional 77 shares during the period. Telos Capital Management Inc. grew its position in Mid-America Apartment Communities by 0.8% during the 2nd quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust's stock worth $1,437,000 after purchasing an additional 78 shares during the last quarter. V Square Quantitative Management LLC increased its position in Mid-America Apartment Communities by 6.4% during the third quarter. V Square Quantitative Management LLC now owns 1,444 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 87 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Mid-America Apartment Communities by 5.4% during the first 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 in the last quarter. Finally, Covestor Ltd lifted its holdings in Mid-America Apartment Communities by 12.3% in the 1st quarter. Covestor Ltd now owns 848 shares of the real estate investment trust's stock valued at $112,000 after purchasing an additional 93 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America upgraded Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and upped their price target for the stock from $144.00 to $189.00 in a report on Monday, August 12th. 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. Piper Sandler raised their target price on 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. The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a "buy" rating and a $187.00 target price on the stock. Finally, BNP Paribas started coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a "neutral" rating and a $169.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $161.69.

Mid-America Apartment Communities Stock Down 0.2 %

Shares of MAA stock traded down $0.25 on Tuesday, hitting $159.76. 1,101,668 shares of the stock were exchanged, compared to its average volume of 754,177. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average of $157.48 and a 200 day moving average of $147.46. The firm has a market capitalization of $18.67 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 2.56 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a fifty-two week low of $118.72 and a fifty-two week high of $167.39.

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

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a $1.47 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.68%. Mid-America Apartment Communities's dividend payout ratio is currently 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.