Stableford Capital II LLC Purchases Shares of 6,804 Mid-America Apartment Communities, Inc. $MAA

Stableford Capital II LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,804 shares of the real estate investment trust’s stock, valued at approximately $945,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Physician Wealth Advisors Inc. grew its stake in shares of Mid-America Apartment Communities by 65.2% in the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in Mid-America Apartment Communities during the fourth quarter worth $32,000. Measured Wealth Private Client Group LLC bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $33,000. Hurley Capital LLC increased its stake in shares of Mid-America Apartment Communities by 70.4% during the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 112 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in shares of Mid-America Apartment Communities by 3,100.0% during the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Insiders Place Their Bets

In related news, Director Tamara D. Fischer purchased 1,100 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, with a total value of $141,405.00. Following the acquisition, the director directly owned 1,100 shares in the company, valued at $141,405. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $133.59 on Tuesday. The firm has a market capitalization of $15.55 billion, a PE ratio of 39.06 and a beta of 0.73. The company’s 50-day moving average is $135.30 and its 200-day moving average is $131.75. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $146.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a $1.53 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio is 178.95%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MAA. Barclays raised their target price on shares of Mid-America Apartment Communities from $139.00 to $147.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Truist Financial upped their price objective on Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Scotiabank raised their price objective on Mid-America Apartment Communities from $129.00 to $137.00 and gave the company a “sector underperform” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Eight investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $145.56.

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.