New York State Teachers Retirement System Has $16.20 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

New York State Teachers Retirement System lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,966 shares of the real estate investment trust’s stock after selling 9,728 shares during the period. New York State Teachers Retirement System owned 0.09% of Mid-America Apartment Communities worth $16,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MAA. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth about $26,000. Versant Capital Management Inc lifted its position in Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Mid-America Apartment Communities by 82.4% during the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 108 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Mid-America Apartment Communities by 305.1% in the second quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 238 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Mid-America Apartment Communities by 252.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MAA shares. The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price objective on the stock. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research note on Monday, October 21st. JMP Securities lifted their price objective on shares of 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. Wedbush increased their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $161.69.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $149.17 on Friday. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.45 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a twelve month low of $118.68 and a twelve month high of $167.39. The stock has a fifty day simple moving average of $158.25 and a 200 day simple moving average of $145.78. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 132.73%.

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.