Partners Group Holding AG Lowers Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Partners Group Holding AG trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,665 shares of the real estate investment trust’s stock after selling 1,192 shares during the period. Partners Group Holding AG’s holdings in Mid-America Apartment Communities were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB grew its position in Mid-America Apartment Communities by 9.2% in the 4th quarter. Nordea Investment Management AB now owns 155,151 shares of the real estate investment trust’s stock valued at $21,020,000 after buying an additional 13,045 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Mid-America Apartment Communities by 163.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock valued at $2,923,000 after acquiring an additional 13,474 shares during the period. Columbus Macro LLC acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at $1,280,000. Sunesis Advisors LLC lifted its holdings in Mid-America Apartment Communities by 393.1% in the fourth quarter. Sunesis Advisors LLC now owns 22,842 shares of the real estate investment trust’s stock valued at $3,071,000 after acquiring an additional 18,210 shares during the period. Finally, abrdn plc lifted its holdings in Mid-America Apartment Communities by 25.4% in the fourth quarter. abrdn plc now owns 85,542 shares of the real estate investment trust’s stock valued at $11,502,000 after acquiring an additional 17,339 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the transaction, the chief executive officer now directly owns 317,737 shares of the company’s stock, valued at approximately $40,057,103.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 2,807 shares of company stock valued at $353,955. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MAA shares. Morgan Stanley raised their target price on Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a report on Wednesday, May 15th. Wedbush raised Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and raised their target price for the company from $135.00 to $154.00 in a report on Monday, May 6th. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Truist Financial cut their price target on Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Finally, UBS Group lifted their price target on Mid-America Apartment Communities from $126.00 to $131.00 and gave the stock a “sell” rating in a research note on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $141.47.

Mid-America Apartment Communities Trading Down 0.3 %

MAA traded down $0.43 during midday trading on Friday, hitting $136.66. The company’s stock had a trading volume of 505,327 shares, compared to its average volume of 521,501. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.74. The firm has a market cap of $15.97 billion, a P/E ratio of 28.65, a PEG ratio of 3.05 and a beta of 0.84. The firm has a 50-day moving average price of $131.93 and a two-hundred day moving average price of $130.62. Mid-America Apartment Communities, Inc. has a 52-week low of $115.56 and a 52-week high of $158.46.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The firm had revenue of $543.60 million for the quarter, compared to analysts’ expectations of $541.44 million. During the same quarter in the previous year, the firm posted $2.28 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.87 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Friday, July 12th. Mid-America Apartment Communities’s payout ratio is currently 123.27%.

Mid-America Apartment Communities Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.