Entropy Technologies LP Invests $2.01 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Key Points

• Entropy Technologies LP has invested $2.01 million in Mid-America Apartment Communities by acquiring 11,975 shares in the first quarter.
• Major investors such as Larson Financial Group and GoalVest Advisory have significantly increased their stakes in Mid-America Apartment Communities, highlighting growing institutional interest.
• Analysts have mixed views on Mid-America Apartment Communities, with target prices ranging from $142 to $170 and a consensus rating of "Hold".

Entropy Technologies LP acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,975 shares of the real estate investment trust's stock, valued at approximately $2,007,000.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 91 shares during the period. CoreCap Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 94.9% during the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 112 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at about $38,000. GoalVest Advisory LLC raised its holdings in shares of Mid-America Apartment Communities by 200.0% during the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 160 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at about $46,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MAA shares. JMP Securities raised their target price on Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a report on Thursday, May 22nd. UBS Group dropped their target price on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. Royal Bank Of Canada dropped their target price on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Scotiabank dropped their target price on Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating on the stock in a report on Friday, June 13th. Finally, Robert W. Baird raised their target price on Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $166.95.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $140.53 on Monday. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.76 and a beta of 0.75. The stock has a 50 day moving average of $148.93 and a 200-day moving average of $155.90. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a 52 week low of $138.67 and a 52 week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $2.14 by $0.01. The company had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%. The business's revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $2.22 EPS. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $1.515 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.3%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 124.69%.

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.

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