Thrivent Financial for Lutherans Has $1.97 Million Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Thrivent Financial for Lutherans decreased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 49.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,807 shares of the real estate investment trust’s stock after selling 13,347 shares during the period. Thrivent Financial for Lutherans’ holdings in Mid-America Apartment Communities were worth $1,969,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in Mid-America Apartment Communities by 17.5% in the 2nd 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 purchasing an additional 393,067 shares during the last quarter. Blackstone Inc. increased its stake in shares of Mid-America Apartment Communities by 1.0% in the 4th quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock valued at $277,507,000 after buying an additional 20,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Mid-America Apartment Communities by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock worth $244,803,000 after acquiring an additional 97,672 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Mid-America Apartment Communities by 1.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock valued at $190,086,000 after acquiring an additional 21,000 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in Mid-America Apartment Communities by 96.9% in the fourth 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 acquiring an additional 600,547 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group began coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They issued a “buy” rating and a $187.00 target price on the stock. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. UBS Group increased their price target on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. Finally, Scotiabank boosted their price objective on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $159.91.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $157.81 on Wednesday. The firm has a market capitalization of $18.44 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.63 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $167.39. The stock has a 50 day moving average price of $155.92 and a two-hundred day moving average price of $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.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $1.47 per share. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.73%. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

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.