Tidal Investments LLC Increases Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Tidal Investments LLC raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 29.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,952 shares of the real estate investment trust’s stock after acquiring an additional 10,331 shares during the quarter. Tidal Investments LLC’s holdings in Mid-America Apartment Communities were worth $6,046,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $713,500,000. Blackstone Inc. raised its holdings in shares of 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 acquiring an additional 20,000 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 acquiring an additional 949,171 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Mid-America Apartment Communities by 1.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock valued at $190,086,000 after acquiring an additional 21,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 acquiring an additional 35,538 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 4.8 %

Shares of NYSE MAA traded up $6.76 during mid-day trading on Thursday, hitting $146.53. The company had a trading volume of 235,327 shares, compared to its average volume of 765,902. The company has a market capitalization of $17.12 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.15 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $148.36. The business’s 50-day simple moving average is $139.06 and its 200 day simple moving average is $133.36.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($1.01). The company had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.28 earnings per share. On average, analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared 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 4.01%. The ex-dividend date was Monday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of research analyst reports. Mizuho increased their target price on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. UBS Group upped their price target on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. Truist Financial upped 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 upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, June 13th. Finally, Morgan Stanley upped their price target on Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $141.59.

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.