Northwestern Mutual Wealth Management Co. Increases Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)


Northwestern Mutual Wealth Management Co. raised its stake in the shares of Mid-America Apartment Communities, Inc. (NYSE: MAAGet a rating) by 73.3% in the first quarter, according to its most recent Form 13F filed with the Securities & Exchange Commission. The institutional investor held 3,234 shares of the REIT after purchasing an additional 1,368 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Mid-America Apartment Communities were worth $677,000 when it last filed with the Securities & Exchange Commission.

Other institutional investors and hedge funds also changed their stakes in the company. UMB Bank NA MO purchased a new stake in shares of Mid-America Apartment Communities during the fourth quarter for a value of approximately $30,000. Johnson Financial Group Inc. purchased a new stake in shares of Mid-America Apartment Communities during the fourth quarter for a value of approximately $40,000. Corbenic Partners LLC purchased a new stake in Mid-America Apartment Communities during Q1 valued at approximately $51,000. West Bancorporation Inc. purchased a new stake in Mid-America Apartment Communities during Q4, valued at approximately $66,000. Finally, GW&K Investment Management LLC increased its stake in Mid-America Apartment Communities by 124.4% during the first quarter. GW&K Investment Management LLC now owns 496 shares of the real estate investment trust worth $104,000 after acquiring 275 additional shares in the last quarter. Hedge funds and other institutional investors hold 93.06% of the company’s shares.

Insider buying and selling

In related news, EVP Melanie Charpentier sold 1,355 shares of the company in a transaction that took place on Friday, July 29. The shares were sold at an average price of $186.27, for a total transaction of $252,395.85. Following the sale, the executive vice president now directly owns 17,953 shares of the company, valued at approximately $3,344,105.31. The sale was disclosed in a legal filing with the SEC, which is available via this link. 1.34% of the shares are held by insiders.

Analyst upgrades and downgrades

Several analysts have recently released reports on the stock. BTIG Research took over coverage of Mid-America Apartment Communities stocks in a Monday, May 9 research note. They set a “buy” rating and a price target of $225.00 for the company. Piper Sandler lowered her price target on shares of Mid-America Apartment Communities from $200.00 to $195.00 and set an “overweight” rating for the company in a Wednesday, July 20 research note. Scotiabank lowered its price target on shares of Mid-America Apartment Communities from $231.00 to $226.00 in a Thursday, May 19 research note. Mizuho lowered its price target on shares of Mid-America Apartment Communities from $221.00 to $178.00 and set a “neutral” rating for the company in a Monday, June 27 research note. Finally, Citigroup raised its price target on shares of Mid-America Apartment Communities to $190.00 in a Tuesday, August 9 report. Four research analysts gave the stock a hold rating and eight gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.93.

Stock Performance of Central American Apartment Communities

Shares of Action MAA opened at $183.87 on Friday. The company’s 50-day moving average price is $174.23 and its 200-day moving average price is $190.26. The company has a debt ratio of 0.73, a quick ratio of 0.39 and a current ratio of 0.39. Mid-America Apartment Communities, Inc. has a one-year minimum of $158.85 and a one-year maximum of $231.63. The company has a market capitalization of $21.23 billion, a P/E ratio of 36.05, a P/E/G ratio of 11.21 and a beta of 0.73.

Central American Apartment Communities (NYSE: MAAGet a rating) last released its quarterly earnings data on Wednesday, July 27. The real estate investment trust reported EPS of $1.82 for the quarter, missing the consensus estimate of $2.00 per ($0.18). Mid-America Apartment Communities recorded a return on equity of 10.01% and a net margin of 31.30%. The company posted revenue of $495.04 million in the quarter, versus analyst estimates of $488.64 million. In the same quarter a year earlier, the company posted earnings per share of $1.69. The company’s revenues increased by 13.3% compared to the same quarter last year. As a group, equity research analysts expect Mid-America Apartment Communities, Inc. to post EPS of 8.28 for the current year.

Announcement of dividends for apartment communities in Central America

The company also recently announced a dividend, which was paid on Monday, July 25. Investors of record on Friday, July 15 received a dividend of $1.25 per share. This represents a return of 2.85%. The ex-dividend date was Thursday, July 14. Mid-America Apartment Communities’ payout rate is currently 98.04%.

Profile of Central American Apartment Communities

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

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Want to see which other hedge funds hold MAAs? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Mid-America Apartment Communities, Inc. (NYSE: MAAGet a rating).

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



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