Mid-America Apartment Communities, Inc. (NYSE:MAA) Position Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 356,679 shares of the real estate investment trust’s stock after acquiring an additional 9,986 shares during the quarter. Hsbc Holdings PLC owned approximately 0.31% of Mid-America Apartment Communities worth $50,758,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. raised its holdings in shares of Mid-America Apartment Communities by 96.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock worth $164,085,000 after purchasing an additional 600,547 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of Mid-America Apartment Communities by 103.1% during the fourth quarter. 1832 Asset Management L.P. now owns 1,030,038 shares of the real estate investment trust’s stock worth $138,499,000 after purchasing an additional 522,851 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 worth $375,515,000 after purchasing an additional 393,067 shares during the period. Ceredex Value Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 107.1% during 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 purchasing an additional 342,335 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Mid-America Apartment Communities by 176.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 339,081 shares of the real estate investment trust’s stock worth $48,356,000 after purchasing an additional 216,610 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MAA shares. Truist Financial increased their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 26th. The Goldman Sachs Group started coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price on the stock. Wells Fargo & Company raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $138.00 to $174.00 in a report on Monday, August 26th. UBS Group increased their price objective on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $159.91.

Mid-America Apartment Communities Stock Down 1.2 %

Mid-America Apartment Communities stock opened at $162.46 on Friday. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 3.66 and a beta of 0.88. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $153.86 and its two-hundred day moving average price is $140.86. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $167.39.

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.