7,898 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,898 shares of the real estate investment trust’s stock, valued at approximately $1,255,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Wealth Management LLC increased its holdings in Mid-America Apartment Communities by 40.3% in the third quarter. Capital Advisors Wealth Management LLC now owns 5,428 shares of the real estate investment trust’s stock worth $862,000 after buying an additional 1,558 shares during the last quarter. Swedbank AB grew its holdings in Mid-America Apartment Communities by 2.6% during the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock valued at $32,350,000 after purchasing an additional 5,178 shares during the last quarter. Creative Planning grew its holdings in Mid-America Apartment Communities by 12.2% during the third quarter. Creative Planning now owns 17,760 shares of the real estate investment trust’s stock valued at $2,822,000 after purchasing an additional 1,928 shares during the last quarter. VitalStone Financial LLC acquired a new position in Mid-America Apartment Communities during the third quarter valued at approximately $181,000. Finally, Gilman Hill Asset Management LLC grew its holdings in Mid-America Apartment Communities by 4.9% during the third quarter. Gilman Hill Asset Management LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $612,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of MAA stock opened at $153.91 on Thursday. The stock has a 50 day moving average of $158.16 and a two-hundred day moving average of $144.08. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $167.39. The company has a market capitalization of $17.98 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.47 and a beta of 0.88.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $1.47 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.82%. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

Analyst Ratings Changes

Several brokerages have commented on MAA. The Goldman Sachs Group began coverage on Mid-America Apartment Communities in a report on Wednesday, September 4th. They set a “buy” rating and a $187.00 price target on the stock. JMP Securities lifted their price objective on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price objective on Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Truist Financial raised their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Piper Sandler raised their target price on Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $159.91.

Mid-America Apartment Communities Company 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.