Mid-America Apartment Communities Inc (NYSE:MAA) Shares Purchased by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. boosted its holdings in Mid-America Apartment Communities Inc (NYSE:MAA) by 14.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,392 shares of the real estate investment trust’s stock after acquiring an additional 299 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Mid-America Apartment Communities were worth $282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Citizens Bank & Trust Co. boosted its stake in Mid-America Apartment Communities by 0.5% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 25,861 shares of the real estate investment trust’s stock valued at $3,045,000 after purchasing an additional 128 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in Mid-America Apartment Communities by 1.0% during the 1st quarter. Anchor Capital Advisors LLC now owns 13,402 shares of the real estate investment trust’s stock valued at $1,465,000 after purchasing an additional 130 shares in the last quarter. Hartford Investment Management Co. boosted its stake in Mid-America Apartment Communities by 1.1% during the 2nd quarter. Hartford Investment Management Co. now owns 12,553 shares of the real estate investment trust’s stock valued at $1,478,000 after purchasing an additional 134 shares in the last quarter. Clean Yield Group boosted its stake in Mid-America Apartment Communities by 0.5% during the 1st quarter. Clean Yield Group now owns 27,065 shares of the real estate investment trust’s stock valued at $2,959,000 after purchasing an additional 140 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Mid-America Apartment Communities by 0.9% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 17,306 shares of the real estate investment trust’s stock valued at $1,892,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

MAA has been the subject of a number of research reports. ValuEngine raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. KeyCorp increased their price target on Mid-America Apartment Communities from $112.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Tuesday, May 28th. Scotiabank lowered Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the company from $114.00 to $107.00 in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Mid-America Apartment Communities currently has an average rating of “Buy” and a consensus price target of $113.12.

Shares of MAA traded up $0.70 during trading hours on Friday, hitting $123.78. 436,262 shares of the company were exchanged, compared to its average volume of 626,502. The company has a market capitalization of $13.86 billion, a P/E ratio of 20.49, a PEG ratio of 4.98 and a beta of 0.39. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average is $119.95. Mid-America Apartment Communities Inc has a one year low of $91.21 and a one year high of $123.90.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, July 12th. Mid-America Apartment Communities’s dividend payout ratio is presently 63.58%.

In other news, Director David P. Stockert sold 2,047 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $120.84, for a total transaction of $247,359.48. Following the completion of the sale, the director now directly owns 65,240 shares of the company’s stock, valued at approximately $7,883,601.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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