Royal London Asset Management Ltd. Has $6.34 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Royal London Asset Management Ltd. decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,421 shares of the real estate investment trust’s stock after selling 253 shares during the period. Royal London Asset Management Ltd.’s holdings in Mid-America Apartment Communities were worth $6,335,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MAA. Norges Bank bought a new position in Mid-America Apartment Communities in the 4th quarter valued at $713,500,000. Balyasny Asset Management L.P. raised its stake in Mid-America Apartment Communities by 96.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock worth $164,085,000 after buying an additional 600,547 shares during the period. 1832 Asset Management L.P. raised its stake in Mid-America Apartment Communities by 103.1% during the 4th quarter. 1832 Asset Management L.P. now owns 1,030,038 shares of the real estate investment trust’s stock worth $138,499,000 after buying an additional 522,851 shares during the period. Ceredex Value Advisors LLC raised its stake in Mid-America Apartment Communities by 107.1% during the 2nd quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust’s stock worth $94,424,000 after buying an additional 342,335 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Mid-America Apartment Communities by 176.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 339,081 shares of the real estate investment trust’s stock worth $48,356,000 after buying an additional 216,610 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MAA. Royal Bank of Canada lifted their price target on Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. BNP Paribas initiated coverage on Mid-America Apartment Communities in a report on Wednesday. They issued a “neutral” rating and a $169.00 price objective for the company. Truist Financial raised their price objective on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Mizuho raised their price objective on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Finally, UBS Group raised their price objective on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $159.15.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $166.18 on Friday. 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 stock has a market cap of $19.42 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 3.66 and a beta of 0.88. The company’s fifty day moving average is $151.42 and its 200 day moving average is $139.55. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $166.29.

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.