XTX Topco Ltd Invests $1.05 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

XTX Topco Ltd purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,611 shares of the real estate investment trust's stock, valued at approximately $1,050,000.

Several other hedge funds also recently made changes to their positions in MAA. Ashton Thomas Securities LLC bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $25,000. EdgeRock Capital LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter valued at $26,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities in the third quarter valued at $32,000. UMB Bank n.a. grew its stake 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 position in shares of Mid-America Apartment Communities in the third quarter valued at $37,000. 93.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MAA. Bank of America raised shares of Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and raised their target price for the company from $144.00 to $189.00 in a research note on Monday, August 12th. StockNews.com cut shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Tuesday, November 5th. Piper Sandler lifted 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 report on Monday, August 26th. Wells Fargo & Company raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. Finally, 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 report on Monday, October 21st. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Hold" and an average target price of $162.68.

Mid-America Apartment Communities Price Performance

MAA stock traded down $0.52 during midday trading on Tuesday, reaching $158.64. The company had a trading volume of 474,694 shares, compared to its average volume of 741,533. The company has a market capitalization of $18.54 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 2.56 and a beta of 0.90. The stock has a 50 day moving average price of $156.69 and a 200-day moving average price of $151.30. Mid-America Apartment Communities, Inc. has a 1-year low of $121.51 and a 1-year high of $167.39. 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 released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the prior year, the firm earned $2.29 EPS. The business's revenue was up 1.7% on a year-over-year basis. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $1.515 per share. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a dividend yield of 3.82%. Mid-America Apartment Communities's payout ratio is 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.