Graham Capital Wealth Management LLC Invests $3.19 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Graham Capital Wealth Management LLC bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,400 shares of the real estate investment trust’s stock, valued at approximately $3,194,000. Mid-America Apartment Communities makes up 4.3% of Graham Capital Wealth Management LLC’s holdings, making the stock its 5th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DecisionPoint Financial LLC bought a new position in shares of Mid-America Apartment Communities in the first quarter valued at $26,000. EdgeRock Capital LLC acquired a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $26,000. Mather Group LLC. acquired a new stake in Mid-America Apartment Communities during the 1st quarter valued at $32,000. Versant Capital Management Inc lifted its holdings in Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $158.88 on Tuesday. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $167.39. 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’s 50-day moving average price is $155.92 and its two-hundred day moving average price is $142.19. The stock has a market cap of $18.56 billion, a PE ratio of 33.31, a P/E/G ratio of 2.63 and a beta of 0.88.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

Analyst Ratings Changes

Several equities research analysts have issued reports on MAA shares. JMP Securities raised their price target on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Truist Financial lifted their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Wedbush lifted their target price on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Scotiabank lifted their target price on Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.