Farther Finance Advisors LLC Increases Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Farther Finance Advisors LLC increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 31.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,021 shares of the real estate investment trust’s stock after acquiring an additional 243 shares during the quarter. Farther Finance Advisors LLC’s holdings in Mid-America Apartment Communities were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EdgeRock Capital LLC purchased a new position in shares of Mid-America Apartment Communities during the second quarter valued at about $26,000. Versant Capital Management Inc boosted its position in Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 215 shares in the last quarter. UMB Bank n.a. grew 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 worth $34,000 after acquiring an additional 108 shares during the period. Capital Advisors Ltd. LLC raised its position in shares of Mid-America Apartment Communities by 305.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 238 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 252.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MAA. JMP Securities raised their price objective on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. UBS Group lifted their price target on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Wedbush upped their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average target price of $161.69.

Mid-America Apartment Communities Stock Performance

MAA opened at $159.14 on Monday. The company has a 50 day simple moving average of $157.53 and a two-hundred day simple moving average of $147.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $18.60 billion, a P/E ratio of 35.92, a PEG ratio of 2.56 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 1-year low of $118.72 and a 1-year high of $167.39.

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

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 132.73%.

Mid-America Apartment Communities 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.