HHM Wealth Advisors LLC Buys 443 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

HHM Wealth Advisors LLC grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,020 shares of the real estate investment trust’s stock after buying an additional 443 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Mid-America Apartment Communities were worth $859,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MAA. Wellington Management Group LLP lifted its holdings in shares of Mid-America Apartment Communities by 323.8% during the fourth quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock worth $5,430,000 after purchasing an additional 30,855 shares during the period. Perpetual Ltd acquired a new stake in shares of Mid-America Apartment Communities in the first quarter valued at about $15,413,000. Miller Howard Investments Inc. NY raised its position in shares of Mid-America Apartment Communities by 9.9% during the first quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock worth $25,984,000 after acquiring an additional 17,765 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Mid-America Apartment Communities by 163.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock worth $2,923,000 after acquiring an additional 13,474 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Mid-America Apartment Communities by 159.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock valued at $3,531,000 after acquiring an additional 16,144 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $163.54 on Wednesday. The company has a market cap of $19.11 billion, a P/E ratio of 34.29, a PEG ratio of 3.55 and a beta of 0.88. The company has a fifty day simple moving average of $149.87 and a 200 day simple moving average of $138.90. 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 12-month low of $115.56 and a 12-month high of $165.95.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MAA shares. UBS Group raised their price target on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. Truist Financial lifted their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Mizuho increased their price target on Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Bank of America raised 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 report on Monday, August 12th. Finally, Wedbush upped their target price on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $158.53.

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.