DecisionPoint Financial LLC Invests $26,000 in Mid-America Apartment Communities, Inc. (NYSE:MAA)

DecisionPoint Financial LLC bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 1st quarter, HoldingsChannel reports. The fund bought 200 shares of the real estate investment trust’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Mid-America Apartment Communities during the fourth quarter valued at approximately $713,500,000. Morgan Stanley lifted its position in Mid-America Apartment Communities by 1.4% during the third quarter. Morgan Stanley now owns 2,345,083 shares of the real estate investment trust’s stock valued at $301,695,000 after purchasing an additional 31,813 shares during the period. Blackstone Inc. lifted its position in Mid-America Apartment Communities by 1.0% during the fourth quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock valued at $277,507,000 after purchasing an additional 20,000 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Mid-America Apartment Communities by 188.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,451,578 shares of the real estate investment trust’s stock valued at $195,179,000 after purchasing an additional 949,171 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Mid-America Apartment Communities by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,287,552 shares of the real estate investment trust’s stock valued at $173,124,000 after purchasing an additional 35,538 shares during the period. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Mid-America Apartment Communities from $139.00 to $144.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 14th. Mizuho upped their target price on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Morgan Stanley upped their target price on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a report on Wednesday, May 15th. Truist Financial upped their target price on shares of Mid-America Apartment Communities from $148.00 to $156.00 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $140.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $142.44.

Mid-America Apartment Communities Price Performance

MAA stock traded down $0.63 during trading on Friday, hitting $138.80. 489,745 shares of the company’s stock traded hands, compared to its average volume of 785,775. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.12 and a current ratio of 0.12. The business has a fifty day simple moving average of $136.63 and a 200 day simple moving average of $132.36. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 3.10 and a beta of 0.85.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($1.01). The business had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. Mid-America Apartment Communities’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.28 EPS. As a group, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $5.88 annualized dividend and a dividend yield of 4.24%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

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.