Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 806.8% in the third quarter, Holdings Channel reports. The institutional investor owned 2,675 shares of the real estate investment trust’s stock after buying an additional 2,380 shares during the quarter. TD Private Client Wealth LLC’s holdings in Mid-America Apartment Communities were worth $425,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Mid-America Apartment Communities by 0.9% in the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after purchasing an additional 65,696 shares during the last quarter. Geode Capital Management LLC grew its stake in Mid-America Apartment Communities by 1.6% in the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock worth $497,624,000 after purchasing an additional 48,168 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Mid-America Apartment Communities by 17.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after buying an additional 393,067 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Mid-America Apartment Communities by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock valued at $244,803,000 after buying an additional 97,672 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Mid-America Apartment Communities by 2.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock valued at $234,497,000 after buying an additional 44,621 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAA has been the subject of several research reports. Royal Bank of Canada decreased their target price on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $138.00 to $174.00 in a report on Monday, August 26th. 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 target on the stock in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $162.68.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $157.22 on Friday. 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, Inc. has a 12-month low of $121.51 and a 12-month high of $167.39. The business has a 50 day simple moving average of $156.83 and a 200 day simple moving average of $151.71. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.55 and a beta of 0.90.

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

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.85%. The ex-dividend date is Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is presently 132.73%.

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.