MayTech Global Investments LLC Has $507,000 Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

MayTech Global Investments LLC lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,191 shares of the real estate investment trust’s stock after selling 391 shares during the period. Mid-America Apartment Communities comprises 0.1% of MayTech Global Investments LLC’s holdings, making the stock its 24th biggest holding. MayTech Global Investments LLC’s holdings in Mid-America Apartment Communities were worth $507,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MAA. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities during the second quarter worth $26,000. Versant Capital Management Inc increased its holdings in shares of Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares in the last quarter. Activest Wealth Management acquired a new position in shares of Mid-America Apartment Communities during the third quarter worth $32,000. Finally, UMB Bank n.a. boosted its holdings in shares of Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 1.3 %

NYSE:MAA opened at $165.20 on Thursday. Mid-America Apartment Communities, Inc. has a 12 month low of $121.51 and a 12 month high of $167.39. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $19.31 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 2.61 and a beta of 0.88. The firm has a fifty day simple moving average of $156.65 and a two-hundred day simple moving average of $149.52.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the business earned $2.29 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is 132.73%.

Analysts Set New Price Targets

MAA has been the subject of a number of recent research reports. Piper Sandler upped their target price on Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. BNP Paribas began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price target for the company. Finally, Truist Financial boosted their price objective on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $161.64.

Mid-America Apartment Communities Company 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.