Lido Advisors LLC Has $281,000 Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Lido Advisors LLC cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.0% in the second quarter, Holdings Channel reports. The institutional investor owned 1,852 shares of the real estate investment trust’s stock after selling 205 shares during the quarter. Lido Advisors LLC’s holdings in Mid-America Apartment Communities were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Mid-America Apartment Communities by 3.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,346 shares of the real estate investment trust’s stock worth $3,090,000 after buying an additional 769 shares during the last quarter. Andra AP fonden raised its stake in shares of Mid-America Apartment Communities by 5.9% in the second quarter. Andra AP fonden now owns 62,400 shares of the real estate investment trust’s stock valued at $9,476,000 after purchasing an additional 3,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Mid-America Apartment Communities by 12.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 168,584 shares of the real estate investment trust’s stock valued at $25,601,000 after purchasing an additional 18,269 shares in the last quarter. Virginia Wealth Management Group Inc. raised its stake in shares of Mid-America Apartment Communities by 1.5% in the second quarter. Virginia Wealth Management Group Inc. now owns 12,842 shares of the real estate investment trust’s stock valued at $1,950,000 after purchasing an additional 187 shares in the last quarter. Finally, Machina Capital S.A.S. raised its stake in shares of Mid-America Apartment Communities by 4,496.6% in the second quarter. Machina Capital S.A.S. now owns 2,666 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 2,608 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com assumed coverage on Mid-America Apartment Communities in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Wedbush assumed coverage on Mid-America Apartment Communities in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $137.00 target price for the company. Wells Fargo & Company cut their target price on Mid-America Apartment Communities from $156.50 to $148.50 and set an “equal weight” rating for the company in a research note on Tuesday, September 12th. Piper Sandler cut Mid-America Apartment Communities from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $182.00 to $130.00 in a research report on Tuesday, October 31st. Finally, Bank of America cut Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $136.00 to $112.00 in a research report on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $155.09.

Insider Transactions at Mid-America Apartment Communities

In other news, Director William Reid Sanders purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were acquired at an average price of $115.74 per share, for a total transaction of $231,480.00. Following the completion of the acquisition, the director now directly owns 28,627 shares in the company, valued at $3,313,288.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.33% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of MAA stock opened at $122.55 on Tuesday. The stock’s fifty day moving average is $127.79 and its 200-day moving average is $141.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $14.30 billion, a PE ratio of 24.46, a PEG ratio of 6.11 and a beta of 0.82. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $176.36.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Thursday, October 12th. Mid-America Apartment Communities’s payout ratio is presently 111.78%.

About Mid-America Apartment Communities

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.