Naviter Wealth LLC Has $1.16 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Naviter Wealth LLC lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,105 shares of the real estate investment trust’s stock after selling 1,008 shares during the period. Naviter Wealth LLC’s holdings in Mid-America Apartment Communities were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at approximately $26,000. First United Bank & Trust acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at approximately $27,000. DecisionPoint Financial LLC bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth $26,000. Versant Capital Management Inc increased its holdings in shares of Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $163.57 on Wednesday. The business has a 50-day simple moving average of $147.80 and a 200 day simple moving average of $137.69. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $164.88.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group upped their target price on 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 raised their price objective on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Scotiabank boosted their target price on shares of Mid-America Apartment Communities from $151.00 to $161.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Wedbush raised 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 research note on Monday, August 5th. Finally, 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 on the stock in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average price target of $154.66.

About Mid-America Apartment Communities

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.