Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,822 shares of the real estate investment trust’s stock after buying an additional 148 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Mid-America Apartment Communities were worth $1,258,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Mid-America Apartment Communities in the fourth quarter worth approximately $713,500,000. Blackstone Inc. grew its position in Mid-America Apartment Communities by 1.0% in the fourth quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock worth $277,507,000 after buying an additional 20,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Mid-America Apartment Communities by 188.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,451,578 shares of the real estate investment trust’s stock worth $195,179,000 after purchasing an additional 949,171 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Mid-America Apartment Communities by 1.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock worth $190,086,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Mid-America Apartment Communities by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,287,552 shares of the real estate investment trust’s stock valued at $173,124,000 after purchasing an additional 35,538 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 1.3 %

NYSE:MAA traded down $1.97 during trading hours on Monday, reaching $148.05. The company’s stock had a trading volume of 341,626 shares, compared to its average volume of 769,673. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 3.27 and a beta of 0.85. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $152.02. The business’s 50-day moving average is $139.74 and its 200-day moving average is $133.59. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Monday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MAA shares. UBS Group boosted their target price on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. Wells Fargo & Company boosted their target price on shares of Mid-America Apartment Communities from $129.00 to $138.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Mizuho boosted their target price on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Royal Bank of Canada boosted their target price on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Wedbush upgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $135.00 to $154.00 in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.38.

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.