Barrow Hanley Mewhinney & Strauss LLC Purchases 44,621 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,644,322 shares of the real estate investment trust’s stock after buying an additional 44,621 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 1.41% of Mid-America Apartment Communities worth $234,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAA. Janney Montgomery Scott LLC lifted its holdings in shares of Mid-America Apartment Communities by 163.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock valued at $2,923,000 after purchasing an additional 13,474 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Mid-America Apartment Communities by 34.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,872 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 740 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Mid-America Apartment Communities by 26.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,310 shares of the real estate investment trust’s stock worth $1,521,000 after acquiring an additional 2,397 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Mid-America Apartment Communities by 54.9% during the fourth quarter. Wells Fargo & Company MN now owns 216,091 shares of the real estate investment trust’s stock worth $29,056,000 after acquiring an additional 76,598 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Mid-America Apartment Communities by 11.4% during the fourth quarter. Corient Private Wealth LLC now owns 13,576 shares of the real estate investment trust’s stock worth $1,825,000 after acquiring an additional 1,388 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Down 1.2 %

MAA opened at $162.46 on Friday. The stock’s fifty day simple moving average is $153.86 and its 200 day simple moving average is $140.94. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $167.39. 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 company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

MAA has been the topic of several recent research reports. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their price target for the company from $144.00 to $189.00 in a research note on Monday, August 12th. Wedbush lifted their target price on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. BNP Paribas started coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price target for the company. UBS Group boosted their price objective on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. Finally, Truist Financial raised their target price on shares of 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. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.