Centersquare Investment Management LLC Has $15.42 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Centersquare Investment Management LLC lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,650 shares of the real estate investment trust’s stock after purchasing an additional 12,727 shares during the period. Centersquare Investment Management LLC owned 0.10% of Mid-America Apartment Communities worth $15,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Financial Corp IN lifted its stake in shares of Mid-America Apartment Communities by 40.8% in the 4th quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 86 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Mid-America Apartment Communities by 22.8% in the 4th quarter. Blue Trust Inc. now owns 511 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 95 shares during the last quarter. Oakworth Capital Inc. lifted its stake in shares of Mid-America Apartment Communities by 0.6% in the 4th quarter. Oakworth Capital Inc. now owns 15,212 shares of the real estate investment trust’s stock valued at $2,045,000 after purchasing an additional 98 shares during the last quarter. Czech National Bank lifted its stake in shares of Mid-America Apartment Communities by 0.5% in the 1st quarter. Czech National Bank now owns 20,536 shares of the real estate investment trust’s stock valued at $2,702,000 after purchasing an additional 99 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of Mid-America Apartment Communities by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 33,599 shares of the real estate investment trust’s stock valued at $4,421,000 after purchasing an additional 100 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 weighed in on MAA shares. Truist Financial boosted their target price on shares of Mid-America Apartment Communities from $148.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Mizuho boosted their target price on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Wells Fargo & Company boosted their target price on shares of Mid-America Apartment Communities from $129.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Janney Montgomery Scott raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, June 13th. Finally, Morgan Stanley boosted their target price on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus target price of $141.59.

Mid-America Apartment Communities Price Performance

NYSE MAA traded down $1.09 on Friday, reaching $143.70. The company’s stock had a trading volume of 442,133 shares, compared to its average volume of 604,366. The firm has a market cap of $16.79 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 3.22 and a beta of 0.85. The business has a 50-day moving average price of $138.25 and a 200 day moving average price of $132.87. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $156.28. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.74.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). The business had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.28 EPS. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $1.47 dividend. The ex-dividend date is Monday, July 15th. This represents a $5.88 dividend on an annualized basis and a yield of 4.09%. Mid-America Apartment Communities’s payout ratio is currently 123.27%.

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.