Insight Folios Inc Buys 103 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Insight Folios Inc increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,808 shares of the real estate investment trust’s stock after buying an additional 103 shares during the period. Insight Folios Inc’s holdings in Mid-America Apartment Communities were worth $238,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAA. First United Bank & Trust acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in Mid-America Apartment Communities during the 1st quarter worth approximately $32,000. First Financial Corp IN boosted its position in Mid-America Apartment Communities by 40.8% during the 4th quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 86 shares during the period. CVA Family Office LLC acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $40,000. Finally, Emfo LLC acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $40,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAA has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Mid-America Apartment Communities from $129.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Mizuho boosted their price target on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Morgan Stanley boosted their price target on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 15th. Piper Sandler restated a “neutral” rating and issued a $140.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, March 26th. Finally, Scotiabank boosted their price target on shares of Mid-America Apartment Communities from $139.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.44.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $139.43 on Friday. The firm has a market capitalization of $16.29 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.10 and a beta of 0.85. The company has a fifty day moving average of $136.44 and a 200-day moving average of $132.34. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.74. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $158.46.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). The business had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 EPS. As a group, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a dividend of $1.47 per share. The ex-dividend date is Monday, July 15th. This represents a $5.88 dividend on an annualized basis and a yield of 4.22%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

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.