Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,644,322 shares of the real estate investment trust’s stock after buying an additional 44,621 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 1.41% of Mid-America Apartment Communities worth $234,497,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAA. Janney Montgomery Scott LLC lifted its holdings in shares of Mid-America Apartment Communities by 163.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock valued at $2,923,000 after purchasing an additional 13,474 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Mid-America Apartment Communities by 34.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,872 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 740 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Mid-America Apartment Communities by 26.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,310 shares of the real estate investment trust’s stock worth $1,521,000 after acquiring an additional 2,397 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Mid-America Apartment Communities by 54.9% during the fourth quarter. Wells Fargo & Company MN now owns 216,091 shares of the real estate investment trust’s stock worth $29,056,000 after acquiring an additional 76,598 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Mid-America Apartment Communities by 11.4% during the fourth quarter. Corient Private Wealth LLC now owns 13,576 shares of the real estate investment trust’s stock worth $1,825,000 after acquiring an additional 1,388 shares during the period. 93.60% of the stock is currently owned by institutional investors.
Mid-America Apartment Communities Stock Down 1.2 %
MAA opened at $162.46 on Friday. The stock’s fifty day simple moving average is $153.86 and its 200 day simple moving average is $140.94. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $167.39. The stock has a market cap of $18.98 billion, a PE ratio of 34.06, a price-to-earnings-growth 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.
Analysts Set New Price Targets
View Our Latest Analysis on Mid-America Apartment Communities
Mid-America Apartment Communities 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.
Further Reading
- Five stocks we like better than Mid-America Apartment Communities
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- What Are Trending Stocks? Trending Stocks Explained
- MarketBeat Week in Review – 9/16 – 9/20
- Best Stocks Under $5.00
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.