Foresight Group Ltd Liability Partnership Sells 3,992 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Foresight Group Ltd Liability Partnership reduced its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 21.1% in the third quarter, Holdings Channel.com reports. The fund owned 14,951 shares of the real estate investment trust’s stock after selling 3,992 shares during the period. Mid-America Apartment Communities makes up approximately 1.0% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 15th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Mid-America Apartment Communities were worth $2,376,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. DecisionPoint Financial LLC purchased a new stake in shares of Mid-America Apartment Communities in the first quarter worth $26,000. EdgeRock Capital LLC purchased a new stake in shares of Mid-America Apartment Communities in the second quarter worth $26,000. Mather Group LLC. purchased a new stake in shares of Mid-America Apartment Communities in the first quarter worth $32,000. Versant Capital Management Inc raised its position in shares of Mid-America Apartment Communities by 3,071.4% in the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Mid-America Apartment Communities by 82.4% in the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 108 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $153.91 on Wednesday. The stock’s 50 day simple moving average is $158.21 and its two-hundred day simple moving average is $144.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $17.98 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 2.47 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a fifty-two week low of $115.56 and a fifty-two week high of $167.39.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $1.47 per share. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.82%. Mid-America Apartment Communities’s payout ratio is 123.27%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank raised their price target on Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. Truist Financial lifted their price objective on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $138.00 to $174.00 in a report on Monday, August 26th. Wedbush lifted their price objective on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, UBS Group lifted their price objective on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $160.75.

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.