Edgestream Partners L.P. Lowers Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Edgestream Partners L.P. reduced its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 16.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,371 shares of the real estate investment trust’s stock after selling 4,133 shares during the quarter. Edgestream Partners L.P.’s holdings in Mid-America Apartment Communities were worth $2,680,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Mid-America Apartment Communities in the 4th quarter worth about $713,500,000. Massachusetts Financial Services Co. MA increased its holdings in Mid-America Apartment Communities by 188.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,451,578 shares of the real estate investment trust’s stock valued at $195,179,000 after buying an additional 949,171 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Mid-America Apartment Communities by 96.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock valued at $164,085,000 after buying an additional 600,547 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in Mid-America Apartment Communities by 103.1% during the 4th quarter. 1832 Asset Management L.P. now owns 1,030,038 shares of the real estate investment trust’s stock worth $138,499,000 after buying an additional 522,851 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its position in shares of Mid-America Apartment Communities by 10,178.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 349,575 shares of the real estate investment trust’s stock worth $47,004,000 after acquiring an additional 346,174 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Up 0.2 %

Shares of NYSE:MAA traded up $0.35 during mid-day trading on Tuesday, hitting $145.38. The stock had a trading volume of 13,735 shares, compared to its average volume of 770,727. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $156.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $16.98 billion, a PE ratio of 30.40, a P/E/G ratio of 3.20 and a beta of 0.85. The company’s 50 day moving average is $138.43 and its 200-day moving average is $132.96.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($1.01). The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.44 million. Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $2.28 EPS. On average, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Monday, July 15th. Mid-America Apartment Communities’s payout ratio is presently 123.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group raised their target price on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. Piper Sandler reissued a “neutral” rating and set a $140.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Scotiabank upped their target price on shares of Mid-America Apartment Communities from $139.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. Wells Fargo & Company increased their price objective on Mid-America Apartment Communities from $129.00 to $138.00 and gave the stock an “equal weight” rating in a report on Friday, May 31st. Finally, Wedbush upgraded Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and raised their target price for the company from $135.00 to $154.00 in a research report on Monday, May 6th. Two 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 company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and a consensus target price of $141.59.

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.