Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Greenleaf Trust

Greenleaf Trust grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,352 shares of the real estate investment trust’s stock after purchasing an additional 162 shares during the period. Greenleaf Trust’s holdings in Mid-America Apartment Communities were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EdgeRock Capital LLC acquired a new position in Mid-America Apartment Communities during the 2nd quarter valued at about $26,000. DecisionPoint Financial LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in Mid-America Apartment Communities by 3,071.4% during the second 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 in the last quarter. UMB Bank n.a. lifted its position in Mid-America Apartment Communities by 82.4% in the second 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 period. Finally, Capital Advisors Ltd. LLC boosted its stake in Mid-America Apartment Communities by 305.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 238 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MAA shares. Piper Sandler boosted their price objective on Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. The Goldman Sachs Group assumed coverage on shares of 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. Bank of America raised shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price for the company in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and a consensus target price of $160.75.

Mid-America Apartment Communities Trading Down 1.8 %

Shares of NYSE MAA opened at $153.32 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $167.39. The business has a 50-day moving average price of $158.34 and a two-hundred day moving average price of $145.22. The firm has a market capitalization of $17.92 billion, a PE ratio of 34.92, a PEG ratio of 2.48 and a beta of 0.88.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 133.94%.

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.