Amica Retiree Medical Trust Sells 2,545 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

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Amica Retiree Medical Trust lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 54.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,130 shares of the real estate investment trust’s stock after selling 2,545 shares during the period. Amica Retiree Medical Trust’s holdings in Mid-America Apartment Communities were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Mid-America Apartment Communities by 31.7% during the second quarter. FMR LLC now owns 4,750,293 shares of the real estate investment trust’s stock worth $544,715,000 after purchasing an additional 1,144,403 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in Mid-America Apartment Communities during the second quarter worth about $102,894,000. Balyasny Asset Management LLC acquired a new position in Mid-America Apartment Communities during the second quarter worth about $42,577,000. Nuveen Asset Management LLC boosted its position in Mid-America Apartment Communities by 24.0% during the second quarter. Nuveen Asset Management LLC now owns 1,634,240 shares of the real estate investment trust’s stock worth $187,397,000 after acquiring an additional 316,008 shares during the last quarter. Finally, Aew Capital Management L P acquired a new position in Mid-America Apartment Communities during the third quarter worth about $34,947,000. 91.56% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on MAA shares. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and boosted their price target for the stock from $123.00 to $148.00 in a research report on Tuesday, October 13th. BMO Capital Markets restated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 6th. Truist boosted their price target on shares of Mid-America Apartment Communities from $122.00 to $130.00 in a research report on Monday, November 16th. Finally, Mizuho boosted their price target on shares of Mid-America Apartment Communities from $115.00 to $128.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $129.78.

NYSE:MAA traded up $0.04 on Friday, hitting $126.18. The stock had a trading volume of 577,826 shares, compared to its average volume of 706,201. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.72. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 45.39 and a beta of 0.65. The company has a fifty day moving average price of $122.66 and a two-hundred day moving average price of $117.14. Mid-America Apartment Communities, Inc. has a 1-year low of $82.00 and a 1-year high of $148.88.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Monday, November 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($1.01). Mid-America Apartment Communities had a net margin of 19.22% and a return on equity of 5.63%. As a group, analysts anticipate that Mid-America Apartment Communities, Inc. will post 6.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Wednesday, October 14th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 61.07%.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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