Abundance Wealth Counselors Acquires Shares of 6,640 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Abundance Wealth Counselors bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, Holdings Channel reports. The firm bought 6,640 shares of the real estate investment trust’s stock, valued at approximately $947,000.

Several other hedge funds also recently added to or reduced their stakes in MAA. DecisionPoint Financial LLC bought a new stake in Mid-America Apartment Communities during the 1st quarter valued at $26,000. First United Bank & Trust purchased a new position in Mid-America Apartment Communities during the 4th quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in Mid-America Apartment Communities during the 1st quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings in shares of Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 215 shares during the last quarter. Finally, Emfo LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at about $40,000. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Up 0.0 %

NYSE:MAA traded up $0.02 on Thursday, hitting $153.35. 626,458 shares of the stock were exchanged, compared to its average volume of 774,982. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a fifty-two week low of $115.56 and a fifty-two week high of $154.75. The stock has a fifty day moving average of $143.06 and a 200-day moving average of $134.73. The stock has a market cap of $17.92 billion, a PE ratio of 32.15, a PEG ratio of 3.27 and a beta of 0.85.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were paid a $1.47 dividend. The ex-dividend date was Monday, July 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.83%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

Analyst Ratings Changes

MAA has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on Mid-America Apartment Communities from $129.00 to $138.00 and gave the stock an “equal weight” rating in a report on Friday, May 31st. Morgan Stanley upped 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 note on Wednesday, May 15th. UBS Group raised their price target on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. Scotiabank increased their price objective on Mid-America Apartment Communities from $144.00 to $151.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Wedbush upped 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 note on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $150.09.

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.