Mid-America Apartment Communities, Inc. (NYSE:MAA) Position Reduced by Sarasin & Partners LLP

Sarasin & Partners LLP trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 52.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,950 shares of the real estate investment trust’s stock after selling 25,782 shares during the period. Sarasin & Partners LLP’s holdings in Mid-America Apartment Communities were worth $3,273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First United Bank & Trust bought a new stake in shares of Mid-America Apartment Communities in the 4th quarter worth $27,000. DecisionPoint Financial LLC bought a new stake in Mid-America Apartment Communities in the first quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 215 shares during the last quarter. Mather Group LLC. bought a new position in shares of Mid-America Apartment Communities during the 1st quarter valued at about $32,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Mid-America Apartment Communities by 53.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 132 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAA. JMP Securities increased their target price on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Truist Financial increased their price target on Mid-America Apartment Communities from $148.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Janney Montgomery Scott raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Thursday, June 13th. Mizuho lifted their target price on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Finally, Wedbush boosted their price target on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and an average target price of $150.09.

Mid-America Apartment Communities Stock Down 0.3 %

Shares of MAA traded down $0.51 during midday trading on Friday, reaching $152.84. 671,669 shares of the stock were exchanged, compared to its average volume of 774,328. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 3.27 and a beta of 0.85. The firm has a 50 day simple moving average of $143.38 and a 200-day simple moving average of $134.98. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $154.75. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Monday, July 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

Mid-America Apartment Communities 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.