Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,657 shares of the real estate investment trust’s stock after acquiring an additional 288 shares during the period. Pathway Financial Advisers LLC’s holdings in Mid-America Apartment Communities were worth $378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter valued at about $26,000. EdgeRock Capital LLC purchased a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $26,000. Mather Group LLC. acquired a new position in Mid-America Apartment Communities during the first quarter worth $32,000. Versant Capital Management Inc boosted 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 acquiring an additional 215 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Mid-America Apartment Communities by 82.4% in the second 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 period. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of recent research reports. 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. Royal Bank of Canada raised their price objective on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $138.00 to $174.00 in a report on Monday, August 26th. Finally, Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and upped their target price for the company from $144.00 to $189.00 in a research report on Monday, August 12th. One 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $159.91.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $158.88 on Tuesday. The company’s fifty day moving average is $155.92 and its two-hundred day moving average is $142.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $18.56 billion, a P/E ratio of 33.31, a PEG ratio of 2.63 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $167.39.

Mid-America Apartment Communities Announces Dividend

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

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.