Xponance Inc. Boosts Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Xponance Inc. boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,749 shares of the real estate investment trust’s stock after buying an additional 304 shares during the quarter. Xponance Inc.’s holdings in Mid-America Apartment Communities were worth $2,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in shares of Mid-America Apartment Communities by 19.6% in the 3rd quarter. Victory Capital Management Inc. now owns 42,886 shares of the real estate investment trust’s stock worth $6,815,000 after purchasing an additional 7,020 shares in the last quarter. Empowered Funds LLC increased its position in Mid-America Apartment Communities by 39.5% in the third quarter. Empowered Funds LLC now owns 2,624 shares of the real estate investment trust’s stock worth $417,000 after buying an additional 743 shares in the last quarter. Quest Partners LLC bought a new position in shares of Mid-America Apartment Communities in the third quarter worth about $164,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $1,140,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Mid-America Apartment Communities by 12.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,398 shares of the real estate investment trust’s stock valued at $2,288,000 after acquiring an additional 1,618 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $161.19 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm has a market cap of $18.84 billion, a PE ratio of 35.98, a P/E/G ratio of 3.72 and a beta of 0.90. The stock has a fifty day moving average price of $158.21 and a 200-day moving average price of $157.52. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.76%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is currently 135.27%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MAA. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Royal Bank of Canada raised their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Barclays boosted their price objective on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Truist Financial increased their target price on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Moderate Buy” and an average target price of $168.90.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.