XTX Topco Ltd Invests $2.01 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Key Points

• XTX Topco Ltd has invested approximately $2.01 million in Mid-America Apartment Communities, acquiring 12,016 shares in a recent SEC disclosure.
• The stock of Mid-America Apartment Communities (NYSE: MAA) has decreased by 2.4%, with a current share price of $148.73 and a market cap of $17.41 billion.
• Mid-America Apartment Communities will pay a quarterly dividend of $1.515 per share, which has a dividend yield of 4.07% and reflects a payout ratio of 126.25%.

XTX Topco Ltd purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,016 shares of the real estate investment trust's stock, valued at approximately $2,014,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Mid-America Apartment Communities by 1.5% in the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock worth $32,214,000 after buying an additional 2,800 shares during the last quarter. Aurora Investment Counsel bought a new position in shares of Mid-America Apartment Communities in the first quarter worth about $1,929,000. Summit Trail Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 106.9% in the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock worth $738,000 after purchasing an additional 2,274 shares during the period. Starwood Capital Group Management L.L.C. increased its stake in shares of Mid-America Apartment Communities by 17.7% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock worth $33,914,000 after purchasing an additional 33,000 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Mid-America Apartment Communities by 92.0% in the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock worth $4,715,000 after purchasing an additional 13,482 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Barclays lifted their price objective on Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. The Goldman Sachs Group lowered Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective on the stock. in a research note on Friday, July 11th. Finally, UBS Group lowered their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $168.52.

Mid-America Apartment Communities Price Performance

Shares of MAA stock traded down $2.47 during trading hours on Friday, hitting $139.96. The company had a trading volume of 1,382,643 shares, compared to its average volume of 872,811. Mid-America Apartment Communities, Inc. has a 12 month low of $138.67 and a 12 month high of $173.38. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 3.65 and a beta of 0.75. The firm's fifty day moving average is $150.30 and its 200 day moving average is $156.10. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.11 and a current ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share 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 company had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same period in the prior year, the company posted $2.22 EPS. The company's revenue was up .6% compared to the same quarter last year. On average, sell-side analysts predict 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. Stockholders of record on Tuesday, July 15th were issued a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is presently 126.25%.

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.