Stableford Capital II LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 6,804 shares of the real estate investment trust’s stock, valued at approximately $945,000.
Several other large investors have also bought and sold shares of the business. Elevation Wealth Partners LLC boosted its stake in Mid-America Apartment Communities by 593.1% in the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 172 shares during the last quarter. Raiffeisen Bank International AG raised its position in shares of Mid-America Apartment Communities by 116.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 119 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at $32,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter worth $37,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.
Mid-America Apartment Communities Trading Down 0.2%
NYSE MAA opened at $128.04 on Wednesday. Mid-America Apartment Communities, Inc. has a one year low of $120.30 and a one year high of $145.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $14.86 billion, a P/E ratio of 37.44 and a beta of 0.73. The stock’s 50-day moving average is $133.36 and its 200-day moving average is $131.15.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Scotiabank decreased their target price on Mid-America Apartment Communities from $137.00 to $134.00 and set a “sector underperform” rating for the company in a research report on Tuesday, August 4th. Piper Sandler lowered their price target on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Barclays cut their price target on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Finally, Weiss Ratings upgraded shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.94.
View Our Latest Stock Analysis on MAA
Mid-America Apartment Communities Company 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.
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