Menard Financial Group LLC Buys 468 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Menard Financial Group LLC grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 23.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,434 shares of the real estate investment trust’s stock after buying an additional 468 shares during the period. Menard Financial Group LLC’s holdings in Mid-America Apartment Communities were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DecisionPoint Financial LLC acquired a new stake in Mid-America Apartment Communities in the 1st quarter valued at approximately $26,000. EdgeRock Capital LLC acquired a new stake in Mid-America Apartment Communities in the 2nd quarter valued at approximately $26,000. Mather Group LLC. acquired a new stake in Mid-America Apartment Communities in the 1st quarter valued at approximately $32,000. Versant Capital Management Inc raised its position in Mid-America Apartment Communities by 3,071.4% in the 2nd 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 last quarter. Finally, UMB Bank n.a. increased its position 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 purchasing an additional 108 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the topic of several recent analyst reports. Mizuho boosted their price target on Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Piper Sandler boosted their target price on Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $144.00 to $189.00 in a report on Monday, August 12th. Scotiabank boosted their target price on Mid-America Apartment Communities from $151.00 to $161.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, UBS Group boosted their target price on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $159.15.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $166.18 on Monday. The stock has a fifty day moving average price of $151.42 and a 200-day moving average price of $139.75. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 3.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. Mid-America Apartment Communities, Inc. has a fifty-two week low of $115.56 and a fifty-two week high of $166.29.

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.