BlackRock Inc. Cuts Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

BlackRock Inc. decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,373,556 shares of the real estate investment trust’s stock after selling 12,967 shares during the quarter. BlackRock Inc. owned 9.90% of Mid-America Apartment Communities worth $1,915,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in Mid-America Apartment Communities by 72.8% in the first quarter. Bessemer Group Inc. now owns 178 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 75 shares during the period. E Fund Management Co. Ltd. acquired a new position in shares of Mid-America Apartment Communities in the first quarter worth $29,000. CX Institutional grew its stake in shares of Mid-America Apartment Communities by 39.5% in the second quarter. CX Institutional now owns 247 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 70 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Mid-America Apartment Communities by 30.1% in the second quarter. Parallel Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 69 shares in the last quarter. Finally, Berman Capital Advisors LLC grew its stake in shares of Mid-America Apartment Communities by 206.0% in the first quarter. Berman Capital Advisors LLC now owns 358 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 241 shares in the last quarter. 90.52% of the stock is currently owned by institutional investors.

Several equities analysts have commented on MAA shares. Raymond James boosted their price target on shares of Mid-America Apartment Communities from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 19th. BTIG Research upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $218.00 target price for the company in a research note on Monday, September 13th. Truist Securities boosted their target price on shares of Mid-America Apartment Communities from $178.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, August 25th. Truist boosted their target price on shares of Mid-America Apartment Communities from $178.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, August 25th. They noted that the move was a valuation call. Finally, Colliers Securities reiterated a “hold” rating and set a $175.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, July 20th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of “Buy” and an average target price of $170.93.

In other news, Director David P. Stockert sold 3,500 shares of the company’s stock in a transaction dated Friday, September 3rd. The shares were sold at an average price of $195.00, for a total value of $682,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.39% of the stock is currently owned by corporate insiders.

Shares of NYSE:MAA opened at $190.28 on Thursday. The company has a 50-day simple moving average of $189.65 and a 200-day simple moving average of $168.93. Mid-America Apartment Communities, Inc. has a one year low of $110.53 and a one year high of $197.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 54.06, a PEG ratio of 13.89 and a beta of 0.67.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Tuesday, July 27th. The real estate investment trust reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.94). Mid-America Apartment Communities had a net margin of 23.81% and a return on equity of 6.66%. As a group, research analysts forecast that Mid-America Apartment Communities, Inc. will post 6.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Tuesday, September 14th. Mid-America Apartment Communities’s dividend payout ratio is presently 63.76%.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust. The firm engages in the operation, acquisition and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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