Mediolanum International Funds Ltd lowered its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,320 shares of the real estate investment trust’s stock after selling 1,241 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Mid-America Apartment Communities were worth $3,043,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the business. DecisionPoint Financial LLC purchased a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $26,000. EdgeRock Capital LLC bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth $26,000. Versant Capital Management Inc increased its stake 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 valued at $32,000 after buying an additional 215 shares during the period. UMB Bank n.a. raised its holdings in shares of Mid-America Apartment Communities by 82.4% in the second 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. Finally, Capital Advisors Ltd. LLC lifted its stake in Mid-America Apartment Communities by 305.1% in the second 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 during the period. Institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Stock Performance
NYSE MAA opened at $153.32 on Friday. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.48 and a beta of 0.88. The stock has a 50-day moving average of $158.34 and a 200 day moving average of $145.29. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $167.39.
Mid-America Apartment Communities Announces Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. JMP Securities increased their price objective on shares of 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. Piper Sandler boosted their price objective 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. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a research report on Monday, October 21st. Finally, BNP Paribas assumed coverage on Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $160.75.
Check Out Our Latest Analysis on Mid-America Apartment Communities
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.
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