Mid-America Apartment Communities, Inc. (NYSE:MAA) Stake Boosted by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2,859.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,403 shares of the real estate investment trust’s stock after purchasing an additional 3,288 shares during the quarter. Benjamin Edwards Inc.’s holdings in Mid-America Apartment Communities were worth $485,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. boosted its holdings in shares of Mid-America Apartment Communities by 96.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock valued at $164,085,000 after buying an additional 600,547 shares during the period. 1832 Asset Management L.P. lifted its holdings in Mid-America Apartment Communities by 103.1% in the fourth 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 acquiring an additional 522,851 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Mid-America Apartment Communities by 17.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock worth $375,515,000 after acquiring an additional 393,067 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in Mid-America Apartment Communities by 107.1% in the second quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust’s stock valued at $94,424,000 after acquiring an additional 342,335 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Mid-America Apartment Communities by 176.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 339,081 shares of the real estate investment trust’s stock valued at $48,356,000 after purchasing an additional 216,610 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 1.2 %

Shares of MAA stock opened at $162.46 on Friday. 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 stock has a market cap of $18.98 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. The business’s fifty day moving average is $153.86 and its 200-day moving average is $140.86. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MAA. Truist Financial boosted their price objective on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. BNP Paribas initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price objective on the stock. Janney Montgomery Scott raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, June 13th. Finally, 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 stock from $138.00 to $174.00 in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and an average price target 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.