Diversified Trust Co Buys 180 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Diversified Trust Co grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,259 shares of the real estate investment trust’s stock after purchasing an additional 180 shares during the period. Diversified Trust Co’s holdings in Mid-America Apartment Communities were worth $429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of Mid-America Apartment Communities by 83.3% in the 3rd quarter. LPL Financial LLC now owns 37,072 shares of the real estate investment trust’s stock worth $4,769,000 after acquiring an additional 16,842 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Mid-America Apartment Communities by 7.8% during the third quarter. Stifel Financial Corp now owns 13,890 shares of the real estate investment trust’s stock valued at $1,787,000 after purchasing an additional 1,010 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Mid-America Apartment Communities by 13.5% in the 3rd quarter. Lazard Asset Management LLC now owns 6,725 shares of the real estate investment trust’s stock worth $865,000 after purchasing an additional 799 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Mid-America Apartment Communities by 236.4% in the 3rd quarter. AQR Capital Management LLC now owns 103,992 shares of the real estate investment trust’s stock worth $13,379,000 after buying an additional 73,080 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in Mid-America Apartment Communities by 21.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 14,349 shares of the real estate investment trust’s stock valued at $1,846,000 after buying an additional 2,496 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $139.43 on Friday. The stock has a market cap of $16.29 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 3.14 and a beta of 0.85. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $158.46. The firm has a fifty day moving average price of $136.44 and a 200-day moving average price of $132.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.12 and a quick ratio of 0.12.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($1.01). The firm had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.44 million. Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 EPS. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Monday, July 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 123.27%.

Analyst Ratings Changes

Several research firms have recently issued reports on MAA. Janney Montgomery Scott raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, June 13th. Piper Sandler reiterated a “neutral” rating and set a $140.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Scotiabank boosted their price objective on shares of Mid-America Apartment Communities from $139.00 to $144.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Truist Financial increased their target price on Mid-America Apartment Communities from $148.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, Wedbush raised Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $135.00 to $154.00 in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $142.44.

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.