Chicago Partners Investment Group LLC Makes New Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Chicago Partners Investment Group LLC acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,122 shares of the real estate investment trust's stock, valued at approximately $350,000.

Several other hedge funds have also added to or reduced their stakes in MAA. Centersquare Investment Management LLC raised its stake in shares of Mid-America Apartment Communities by 248.0% in the 1st quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust's stock valued at $69,193,000 after purchasing an additional 294,245 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Mid-America Apartment Communities by 21.0% in the 1st quarter. Pathway Financial Advisers LLC now owns 4,533 shares of the real estate investment trust's stock valued at $760,000 after purchasing an additional 786 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Mid-America Apartment Communities by 50.6% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 39,311 shares of the real estate investment trust's stock valued at $6,588,000 after purchasing an additional 13,208 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Mid-America Apartment Communities by 11.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,242 shares of the real estate investment trust's stock valued at $2,722,000 after purchasing an additional 1,653 shares during the period. Finally, SPC Financial Inc. acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter valued at about $208,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

Shares of MAA stock traded up $0.33 during trading on Thursday, hitting $140.10. The company had a trading volume of 643,353 shares, compared to its average volume of 904,950. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $16.40 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 3.70 and a beta of 0.75. The stock's 50-day moving average price is $148.06 and its 200 day moving average price is $155.60. Mid-America Apartment Communities, Inc. has a one year low of $137.32 and a one year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%. The business had revenue of $549.90 million during the quarter, compared to analysts' expectations of $552.19 million. During the same period in the previous year, the company posted $2.22 earnings per share. The firm's revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a dividend of $1.515 per share. The ex-dividend date was Tuesday, July 15th. This represents a $6.06 annualized dividend and a yield of 4.3%. Mid-America Apartment Communities's dividend payout ratio is presently 124.69%.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of recent research reports. Truist Financial lowered their target price on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Evercore ISI lowered their target price on Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a research report on Tuesday. KeyCorp lowered their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday. Robert W. Baird lifted their target price on Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley lowered their target price on Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of "Hold" and a consensus target price of $163.21.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.