Natixis Advisors LLC Has $15.60 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Natixis Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 194.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 98,193 shares of the real estate investment trust’s stock after acquiring an additional 64,839 shares during the period. Natixis Advisors LLC owned 0.08% of Mid-America Apartment Communities worth $15,603,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Mid-America Apartment Communities by 39.5% in the 3rd quarter. Empowered Funds LLC now owns 2,624 shares of the real estate investment trust’s stock worth $417,000 after purchasing an additional 743 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Mid-America Apartment Communities by 7.6% in the third quarter. CIBC Asset Management Inc now owns 17,546 shares of the real estate investment trust’s stock valued at $2,788,000 after purchasing an additional 1,240 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Mid-America Apartment Communities by 61.8% in the third quarter. OneDigital Investment Advisors LLC now owns 5,195 shares of the real estate investment trust’s stock valued at $826,000 after buying an additional 1,985 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Mid-America Apartment Communities by 10.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,623 shares of the real estate investment trust’s stock worth $576,000 after buying an additional 345 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Mid-America Apartment Communities by 21.9% during the 3rd quarter. Metis Global Partners LLC now owns 15,774 shares of the real estate investment trust’s stock worth $2,506,000 after buying an additional 2,829 shares during the period. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.2 %

Shares of NYSE MAA opened at $158.13 on Wednesday. Mid-America Apartment Communities, Inc. has a 1 year low of $120.32 and a 1 year high of $167.39. 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 firm has a market cap of $18.48 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.54 and a beta of 0.88. The company has a 50 day simple moving average of $157.12 and a 200 day simple moving average of $148.64.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The company had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. Mid-America Apartment Communities’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. On average, 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 business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is currently 132.73%.

Wall Street Analyst Weigh In

MAA has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. BNP Paribas started coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price target on the stock. Piper Sandler upped their price objective on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price on the stock in a report on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price target for the company. Two 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $161.64.

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.