Corient Private Wealth LP bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 120,238 shares of the real estate investment trust’s stock, valued at approximately $16,706,000. Corient Private Wealth LP owned approximately 0.10% of Mid-America Apartment Communities at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Elevation Wealth Partners LLC increased its stake in shares of Mid-America Apartment Communities by 593.1% during the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 172 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at $32,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $33,000. Root Financial Partners LLC grew its position in shares of Mid-America Apartment Communities by 3,100.0% in the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 279 shares during the last quarter. Finally, Hurley Capital LLC raised its stake in Mid-America Apartment Communities by 70.4% during the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Price Performance
Shares of MAA opened at $129.63 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $146.41. The firm has a 50-day simple moving average of $134.55 and a 200-day simple moving average of $131.49. The company has a market capitalization of $15.04 billion, a price-to-earnings ratio of 37.90 and a beta of 0.73.
Wall Street Analyst Weigh In
MAA has been the subject of a number of research reports. Cantor Fitzgerald reissued a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday. Wells Fargo & Company upped their target price on Mid-America Apartment Communities from $140.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Scotiabank dropped their price target on Mid-America Apartment Communities from $137.00 to $134.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, August 4th. Weiss Ratings raised Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Finally, Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $144.81.
View Our Latest Stock Analysis on MAA
Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.
MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.
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