Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by Centiva Capital LP

Centiva Capital LP lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 562.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,053 shares of the real estate investment trust’s stock after buying an additional 28,916 shares during the period. Centiva Capital LP’s holdings in Mid-America Apartment Communities were worth $5,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in Mid-America Apartment Communities in the 3rd quarter worth $25,000. EdgeRock Capital LLC acquired a new position in shares of Mid-America Apartment Communities in the second quarter valued at about $26,000. Activest Wealth Management purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth about $32,000. Versant Capital Management Inc raised its stake in shares of Mid-America Apartment Communities by 3,071.4% in 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 during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $37,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Up 0.3 %

Shares of NYSE:MAA opened at $164.61 on Monday. The business’s 50 day moving average price is $156.72 and its 200-day moving average price is $150.11. Mid-America Apartment Communities, Inc. has a 1 year low of $121.51 and a 1 year high of $167.39. The firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.64 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the company posted $2.29 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is 132.73%.

Analyst Upgrades and Downgrades

MAA has been the topic of several research reports. BNP Paribas initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price target on the stock. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective on the stock in a research note on Monday, October 21st. Royal Bank of Canada reduced their target price on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. StockNews.com downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, Piper Sandler increased their price target on Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.68.

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.