Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 24.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,782 shares of the real estate investment trust’s stock after purchasing an additional 2,350 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Mid-America Apartment Communities were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. DecisionPoint Financial LLC acquired a new stake in Mid-America Apartment Communities during the 1st quarter worth about $26,000. EdgeRock Capital LLC purchased a new stake in shares of Mid-America Apartment Communities in the second quarter worth about $26,000. Mather Group LLC. acquired a new stake in Mid-America Apartment Communities during the first quarter worth about $32,000. Versant Capital Management Inc raised its position in Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 215 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Mid-America Apartment Communities by 82.4% during the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA opened at $162.46 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39. The firm has a market capitalization of $18.98 billion, a PE ratio of 34.06, a P/E/G ratio of 3.66 and a beta of 0.88. The business’s 50 day moving average price is $153.86 and its 200-day moving average price is $140.94.

Analyst Ratings Changes

Several equities research analysts have commented on MAA shares. Wedbush upped their price objective on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Piper Sandler increased their price target on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Janney Montgomery Scott raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, June 13th. 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 research note on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $159.91.

About Mid-America Apartment Communities

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.