Natixis Advisors LLC Acquires 5,273 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Key Points

• Natixis Advisors LLC increased its stake in Mid-America Apartment Communities, Inc. by 4.1% in the first quarter, bringing its total ownership to 133,913 shares valued at approximately $22.44 million.
• A majority of hedge funds have adjusted their holdings, with notable increases from Larson Financial Group LLC and GoalVest Advisory LLC, showcasing significant institutional interest in the stock.
• Mid-America Apartment Communities recently reported a Q2 earnings per share of $2.15, surpassing analyst expectations, and announced a quarterly dividend of $1.515 per share, yielding 4.3% annually.

Natixis Advisors LLC grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,913 shares of the real estate investment trust's stock after purchasing an additional 5,273 shares during the period. Natixis Advisors LLC owned about 0.11% of Mid-America Apartment Communities worth $22,441,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arkadios Wealth Advisors boosted its stake in shares of Mid-America Apartment Communities by 18.0% in the 1st quarter. Arkadios Wealth Advisors now owns 4,434 shares of the real estate investment trust's stock valued at $743,000 after purchasing an additional 677 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Mid-America Apartment Communities by 207.1% in the 1st quarter. Bayforest Capital Ltd now owns 1,953 shares of the real estate investment trust's stock valued at $327,000 after purchasing an additional 1,317 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter valued at $2,014,000. Harvest Fund Management Co. Ltd lifted its position in Mid-America Apartment Communities by 847.2% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 2,908 shares of the real estate investment trust's stock worth $487,000 after buying an additional 2,601 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in Mid-America Apartment Communities by 50.4% during the 1st quarter. Federated Hermes Inc. now owns 1,930 shares of the real estate investment trust's stock worth $323,000 after buying an additional 647 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 0.0%

Shares of MAA stock traded up $0.05 on Monday, reaching $140.05. The company had a trading volume of 1,154,395 shares, compared to its average volume of 941,947. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock has a market cap of $16.39 billion, a PE ratio of 28.82, a PEG ratio of 3.59 and a beta of 0.75. The company has a 50-day moving average of $150.30 and a 200-day moving average of $156.18. Mid-America Apartment Communities, Inc. has a 12 month low of $138.67 and a 12 month high of $173.38.

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

Mid-America Apartment Communities Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JMP Securities upped their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 22nd. Evercore ISI reduced their price target on shares of Mid-America Apartment Communities from $163.00 to $155.00 and set an "in-line" rating on the stock in a research report on Monday. Mizuho reduced their price target on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Piper Sandler reduced their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a research report on Friday, July 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $167.76.

About Mid-America Apartment Communities

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.