Stratos Wealth Partners LTD. lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,713 shares of the real estate investment trust’s stock after acquiring an additional 2,579 shares during the period. Stratos Wealth Partners LTD.’s holdings in Mid-America Apartment Communities were worth $4,546,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in Mid-America Apartment Communities during the first quarter valued at approximately $150,966,000. Deutsche Bank AG increased its stake in shares of Mid-America Apartment Communities by 38.3% in the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock valued at $284,188,000 after purchasing an additional 469,806 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Mid-America Apartment Communities by 248.0% during the 1st quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust’s stock worth $69,193,000 after buying an additional 294,245 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Mid-America Apartment Communities by 59.7% during the 1st quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust’s stock worth $121,734,000 after buying an additional 272,030 shares during the last quarter. Finally, APG Asset Management US Inc. boosted its stake in Mid-America Apartment Communities by 9.7% in the first quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust’s stock valued at $514,081,000 after buying an additional 271,507 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.
Mid-America Apartment Communities Stock Performance
NYSE MAA opened at $132.71 on Friday. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 3.55 and a beta of 0.77. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a twelve month low of $131.17 and a twelve month high of $173.38. The stock has a fifty day simple moving average of $139.94 and a 200 day simple moving average of $148.63.
Mid-America Apartment Communities Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 124.69%.
Analysts Set New Price Targets
A number of research analysts have recently commented on MAA shares. Wall Street Zen raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday. KeyCorp dropped their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. BNP Paribas cut shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Cantor Fitzgerald initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price target for the company. Finally, Barclays cut their price objective on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 30th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $161.78.
Read Our Latest Report on Mid-America Apartment Communities
Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.
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