Swedbank AB Has $32.35 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Swedbank AB increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 203,587 shares of the real estate investment trust’s stock after acquiring an additional 5,178 shares during the quarter. Swedbank AB’s holdings in Mid-America Apartment Communities were worth $32,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in Mid-America Apartment Communities in the third quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new position in Mid-America Apartment Communities in the 2nd quarter worth $26,000. Versant Capital Management Inc boosted its stake 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 period. Activest Wealth Management bought a new position in Mid-America Apartment Communities during the 3rd quarter worth about $32,000. Finally, UMB Bank n.a. raised its stake in shares of 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 valued at $34,000 after purchasing an additional 108 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MAA shares. JMP Securities increased their price objective on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Piper Sandler boosted their price objective on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Wedbush raised their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Bank of America upgraded shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their price target for the company from $144.00 to $189.00 in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus target price of $161.64.

Mid-America Apartment Communities Trading Up 0.7 %

Shares of Mid-America Apartment Communities stock opened at $162.00 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The business has a fifty day simple moving average of $156.76 and a two-hundred day simple moving average of $149.14. Mid-America Apartment Communities, Inc. has a 1 year low of $121.51 and a 1 year high of $167.39. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.59 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the business posted $2.29 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is 132.73%.

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.