Fielder Capital Group LLC lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 0.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,656 shares of the real estate investment trust’s stock after buying an additional 201 shares during the quarter. Mid-America Apartment Communities makes up 1.3% of Fielder Capital Group LLC’s holdings, making the stock its 20th largest holding. Fielder Capital Group LLC’s holdings in Mid-America Apartment Communities were worth $4,981,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Financial Network Wealth Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Mid-America Apartment Communities in the 2nd quarter valued at $26,000. Larson Financial Group LLC increased its holdings in Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 91 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Mid-America Apartment Communities by 972.2% in the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in Mid-America Apartment Communities in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Price Performance
Mid-America Apartment Communities stock opened at $134.03 on Friday. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities, Inc. has a 1 year low of $131.17 and a 1 year high of $173.38. The firm has a 50-day moving average of $139.37 and a two-hundred day moving average of $147.96.
Mid-America Apartment Communities Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $1.515 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.69%.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. BNP Paribas downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Scotiabank reduced their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 14th. UBS Group reduced their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a report on Tuesday, July 15th. Finally, Evercore ISI reduced their price target on shares of Mid-America Apartment Communities from $154.00 to $153.00 and set an “in-line” rating on the stock in a report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and an average target price of $161.78.
View Our Latest Analysis on Mid-America Apartment Communities
About Mid-America Apartment Communities
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.
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