Hahn Capital Management LLC lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 16.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 37,077 shares of the real estate investment trust’s stock after selling 7,178 shares during the period. Mid-America Apartment Communities makes up approximately 2.8% of Hahn Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Hahn Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $4,528,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. SEB Asset Management AB acquired a new position in Mid-America Apartment Communities during the first quarter worth $2,743,000. Swiss National Bank grew its stake in shares of Mid-America Apartment Communities by 7.1% in the first quarter. Swiss National Bank now owns 343,576 shares of the real estate investment trust’s stock valued at $41,958,000 after buying an additional 22,900 shares in the last quarter. Kera Capital Partners Inc. grew its stake in shares of Mid-America Apartment Communities by 5.8% in the first quarter. Kera Capital Partners Inc. now owns 5,284 shares of the real estate investment trust’s stock valued at $645,000 after buying an additional 292 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Mid-America Apartment Communities by 23.8% in the 1st quarter. Bessemer Group Inc. now owns 1,392 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 268 shares during the period. Finally, B&I Capital AG raised its holdings in shares of Mid-America Apartment Communities by 9.5% in the 1st quarter. B&I Capital AG now owns 60,225 shares of the real estate investment trust’s stock valued at $7,355,000 after buying an additional 5,250 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.
Mid-America Apartment Communities Trading Up 0.1%
NYSE:MAA opened at $133.07 on Monday. Mid-America Apartment Communities, Inc. has a 12-month low of $120.30 and a 12-month high of $153.93. The firm has a market cap of $15.49 billion, a PE ratio of 40.32 and a beta of 0.74. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. The stock has a fifty day moving average price of $134.31 and a 200 day moving average price of $132.04.
Mid-America Apartment Communities Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $1.53 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.6%. Mid-America Apartment Communities’s payout ratio is currently 185.45%.
Insider Buying and Selling at Mid-America Apartment Communities
In other news, Director Tamara D. Fischer bought 1,100 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the purchase, the director owned 1,100 shares of the company’s stock, valued at approximately $141,405. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Scotiabank raised their target price on Mid-America Apartment Communities from $129.00 to $137.00 and gave the company a “sector underperform” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. initiated coverage on shares of Mid-America Apartment Communities in a research note on Thursday. They set a “neutral” rating and a $147.00 price target on the stock. Morgan Stanley increased their price target on shares of Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Jefferies Financial Group lowered shares of Mid-America Apartment Communities from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Mizuho lifted their price objective on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $144.56.
Get Our Latest Research Report on Mid-America Apartment Communities
Mid-America Apartment Communities Profile
Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.
MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.
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