Mid-America Apartment Communities, Inc. (NYSE:MAA) Position Trimmed by Columbus Macro LLC

Columbus Macro LLC reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,330 shares of the real estate investment trust’s stock after selling 362 shares during the quarter. Columbus Macro LLC’s holdings in Mid-America Apartment Communities were worth $1,314,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $26,000. EdgeRock Capital LLC acquired a new stake in Mid-America Apartment Communities during the second quarter valued at $26,000. Mather Group LLC. purchased a new position in Mid-America Apartment Communities in the first quarter valued at about $32,000. Versant Capital Management Inc increased 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 worth $32,000 after purchasing an additional 215 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Mid-America Apartment Communities by 82.4% in 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. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on MAA. UBS Group boosted their price target on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. Truist Financial boosted their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $138.00 to $174.00 in a report on Monday, August 26th. Wedbush upped their price objective on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Bank of America raised shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their target price for the stock from $144.00 to $189.00 in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $159.91.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded up $1.63 during trading on Friday, hitting $154.59. 406,627 shares of the stock were exchanged, compared to its average volume of 756,619. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 2.47 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 1-year low of $115.56 and a 1-year high of $167.39. The company’s fifty day simple moving average is $158.19 and its 200-day simple moving average is $144.44.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.80%. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

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.