Natixis Advisors LLC Purchases 30,447 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Natixis Advisors LLC lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 31.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,640 shares of the real estate investment trust’s stock after buying an additional 30,447 shares during the period. Natixis Advisors LLC’s holdings in Mid-America Apartment Communities were worth $19,884,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $32,000. IFP Advisors Inc boosted its stake in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 68 shares during the period. Quarry LP acquired a new position in Mid-America Apartment Communities in the 3rd quarter worth $45,000. UMB Bank n.a. boosted its stake in Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 75 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its stake in Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 133 shares during the period. Institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MAA has been the subject of a number of research analyst reports. Truist Financial upped their target price on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Mizuho reduced their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research note on Tuesday, December 17th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.43.

Mid-America Apartment Communities Stock Down 1.5 %

Mid-America Apartment Communities stock opened at $162.07 on Wednesday. The stock has a market cap of $18.95 billion, a P/E ratio of 36.18, a P/E/G ratio of 3.72 and a beta of 0.90. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The company’s 50-day moving average price is $157.43 and its two-hundred day moving average price is $157.46.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. As a group, analysts expect 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 will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.74%. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Mid-America Apartment Communities 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.