EverSource Wealth Advisors LLC Buys 280 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

EverSource Wealth Advisors LLC lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 252.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 391 shares of the real estate investment trust’s stock after buying an additional 280 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Mid-America Apartment Communities were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC raised its stake in Mid-America Apartment Communities by 35.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,365 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 358 shares during the period. 1832 Asset Management L.P. raised its position in shares of Mid-America Apartment Communities by 7.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,140,287 shares of the real estate investment trust’s stock valued at $162,616,000 after purchasing an additional 74,936 shares during the period. ProShare Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 4.6% during the 2nd quarter. ProShare Advisors LLC now owns 28,958 shares of the real estate investment trust’s stock valued at $4,130,000 after buying an additional 1,280 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Mid-America Apartment Communities by 2.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock worth $234,497,000 after buying an additional 44,621 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Mid-America Apartment Communities by 4.6% in the 2nd quarter. Pacer Advisors Inc. now owns 8,274 shares of the real estate investment trust’s stock worth $1,180,000 after buying an additional 365 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 0.6 %

Shares of MAA opened at $157.79 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $155.64 and a 200 day moving average of $141.85. The company has a market cap of $18.43 billion, a PE 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.

Mid-America Apartment Communities Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on MAA. Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, June 13th. UBS Group upped their price target on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th. Truist Financial lifted their price objective on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Scotiabank upped their target price on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. Finally, Piper Sandler lifted their price target on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $159.91.

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.