New York State Common Retirement Fund Has $10.44 Million Holdings in Mid-America Apartment Communities, Inc. $MAA

New York State Common Retirement Fund grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 22.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,728 shares of the real estate investment trust’s stock after buying an additional 13,500 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Mid-America Apartment Communities worth $10,442,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MAA. Elevation Point Wealth Partners LLC acquired a new stake in Mid-America Apartment Communities in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth about $26,000. REAP Financial Group LLC grew its stake in shares of Mid-America Apartment Communities by 184.1% in the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 162 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $45,000. Finally, SJS Investment Consulting Inc. bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $48,000. Institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Adrian Hill bought 758 shares of the stock in a transaction dated Friday, December 12th. The shares were bought at an average cost of $131.83 per share, for a total transaction of $99,927.14. Following the purchase, the executive vice president directly owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. This trade represents a 1.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amber Fairbanks sold 233 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the completion of the transaction, the executive vice president directly owned 3,799 shares in the company, valued at $518,563.50. This trade represents a 5.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,079 shares of company stock worth $838,698 in the last quarter. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on MAA shares. Morgan Stanley cut their price target on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Scotiabank cut Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $146.00 to $142.00 in a report on Friday, December 5th. Evercore ISI reduced their price target on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Wells Fargo & Company decreased their price target on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and an average price target of $155.37.

Mid-America Apartment Communities Trading Down 0.1%

NYSE:MAA opened at $132.23 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 3.80 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 52 week low of $125.75 and a 52 week high of $173.38. The firm has a 50-day moving average price of $135.28 and a two-hundred day moving average price of $137.29.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a $1.53 dividend. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, January 15th. Mid-America Apartment Communities’s payout ratio is presently 129.66%.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.