Worldquant Millennium Advisors LLC Sells 22,359 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Worldquant Millennium Advisors LLC lowered its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 83.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,451 shares of the real estate investment trust's stock after selling 22,359 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Mid-America Apartment Communities were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Mid-America Apartment Communities by 516.4% in 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 worth $170,694,000 after acquiring an additional 899,960 shares in the last quarter. Duquesne Family Office LLC purchased a new stake in Mid-America Apartment Communities in the second quarter worth about $91,868,000. Long Pond Capital LP grew its holdings in shares of Mid-America Apartment Communities by 550.9% during the second quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust's stock valued at $92,270,000 after buying an additional 547,607 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 valued at $375,515,000 after purchasing an additional 393,067 shares during the period. Finally, Ceredex Value Advisors LLC raised its position in Mid-America Apartment Communities by 107.1% in the second quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust's stock worth $94,424,000 after acquiring an additional 342,335 shares during the period. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

MAA stock traded up $0.27 during midday trading on Monday, reaching $159.21. 650,450 shares of the stock were exchanged, compared to its average volume of 742,659. The company has a fifty day moving average price of $156.66 and a 200 day moving average price of $150.94. Mid-America Apartment Communities, Inc. has a 52 week low of $121.51 and a 52 week high of $167.39. The stock has a market capitalization of $18.61 billion, a PE ratio of 35.88, a P/E/G 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 (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.20). The firm had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $2.29 earnings per share. As a group, analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $1.47 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.69%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 132.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAA. Raymond James raised 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 note on Monday, October 21st. Truist Financial boosted their price target on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a "buy" rating in a report on Monday, August 26th. Bank of America upgraded shares of Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. Piper Sandler upped their price target on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. Finally, Royal Bank of Canada cut their price objective on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $162.68.

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.