7,310 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,310 shares of the real estate investment trust’s stock, valued at approximately $1,162,000.

A number of other large investors have also added to or reduced their stakes in MAA. Ashton Thomas Securities LLC bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $25,000. EdgeRock Capital LLC purchased a new stake in Mid-America Apartment Communities during the second quarter valued at $26,000. Activest Wealth Management bought a new position in Mid-America Apartment Communities during the third quarter valued at $32,000. UMB Bank n.a. grew its stake in shares of Mid-America Apartment Communities by 82.4% in the 2nd 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. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth about $37,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $157.22 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.55 and a beta of 0.90. The firm has a 50-day moving average of $156.83 and a two-hundred day moving average of $151.57. Mid-America Apartment Communities, Inc. has a 1 year low of $121.51 and a 1 year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm had revenue of $551.13 million during the quarter, compared to analysts’ expectations of $548.53 million. During the same quarter in the previous year, the firm posted $2.29 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.85%. Mid-America Apartment Communities’s dividend payout ratio is presently 132.73%.

Analysts Set New Price Targets

A number of research analysts recently commented on MAA shares. Piper Sandler increased their price target on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price on the stock in a research report on Monday, October 21st. Truist Financial raised their price target on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $162.68.

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.