Ensign Peak Advisors Inc Sells 4,010 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Ensign Peak Advisors Inc trimmed its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,830 shares of the real estate investment trust’s stock after selling 4,010 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.06% of Mid-America Apartment Communities worth $9,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Mid-America Apartment Communities by 323.8% in the fourth quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock worth $5,430,000 after purchasing an additional 30,855 shares during the last quarter. Perpetual Ltd bought a new position in shares of Mid-America Apartment Communities during the first quarter valued at about $15,413,000. Miller Howard Investments Inc. NY boosted its holdings in shares of Mid-America Apartment Communities by 9.9% during the first quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock worth $25,984,000 after purchasing an additional 17,765 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Mid-America Apartment Communities by 159.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock worth $3,531,000 after purchasing an additional 16,144 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its stake in shares of Mid-America Apartment Communities by 172.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 16,154 shares of the real estate investment trust’s stock worth $2,126,000 after purchasing an additional 10,227 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 0.5 %

MAA stock opened at $162.89 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average of $154.73 and a 200 day moving average of $141.43. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $167.39. The firm has a market cap of $19.03 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group began coverage on Mid-America Apartment Communities in a report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price objective for the company. Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $138.00 to $174.00 in a research note on Monday, August 26th. Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. UBS Group upped 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, BNP Paribas began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They set a “neutral” rating and a $169.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $159.91.

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.