Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 96.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,549 shares of the real estate investment trust’s stock after selling 78,600 shares during the period. Renaissance Technologies LLC’s holdings in Mid-America Apartment Communities were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Johnson Investment Counsel Inc. boosted its stake in Mid-America Apartment Communities by 1.1% in the second quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust’s stock valued at $996,000 after acquiring an additional 77 shares in the last quarter. Telos Capital Management Inc. raised its holdings in shares of Mid-America Apartment Communities by 0.8% in the second quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust’s stock worth $1,437,000 after buying an additional 78 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Mid-America Apartment Communities by 5.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 90 shares during the last quarter. Covestor Ltd raised its holdings in shares of Mid-America Apartment Communities by 12.3% in the first quarter. Covestor Ltd now owns 848 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 93 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of Mid-America Apartment Communities by 0.5% in the first quarter. Czech National Bank now owns 20,536 shares of the real estate investment trust’s stock worth $2,702,000 after buying an additional 99 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MAA shares. UBS Group raised their price target 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. Wedbush raised their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Royal Bank of Canada raised their target price on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Truist Financial raised their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Piper Sandler raised their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $159.91.

Mid-America Apartment Communities Stock Up 0.8 %

Shares of NYSE MAA opened at $153.42 on Friday. The company’s 50-day simple moving average is $157.91 and its 200-day simple moving average is $143.51. Mid-America Apartment Communities, Inc. has a 52-week low of $115.56 and a 52-week high of $167.39. The firm has a market cap of $17.93 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.83%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 133.94%.

Mid-America Apartment Communities Company 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.