GAMMA Investing LLC elevated its stake in Mid-America Condominium Communities, Inc. (NYSE:MAA – Free Report) by 17.4% through the third quarter, in line with its most up-to-date disclosure with the Securities and Change Fee. The fund owned 1,893 shares of the true property funding belief’s inventory after buying an extra 281 shares through the quarter. GAMMA Investing LLC’s holdings in Mid-America Condominium Communities have been value $301,000 on the finish of the latest quarter.
Different institutional traders and hedge funds additionally lately added to or diminished their stakes within the firm. DecisionPoint Monetary LLC bought a brand new stake in Mid-America Condominium Communities within the first quarter value roughly $26,000. EdgeRock Capital LLC bought a brand new stake in Mid-America Condominium Communities within the second quarter value roughly $26,000. Mather Group LLC. bought a brand new stake in Mid-America Condominium Communities within the first quarter value roughly $32,000. Versant Capital Administration Inc boosted its stake in shares of Mid-America Condominium Communities by 3,071.4% through the 2nd quarter. Versant Capital Administration Inc now owns 222 shares of the true property funding belief’s inventory value $32,000 after buying an extra 215 shares over the past quarter. Lastly, UMB Financial institution n.a. boosted its stake in shares of Mid-America Condominium Communities by 82.4% through the 2nd quarter. UMB Financial institution n.a. now owns 239 shares of the true property funding belief’s inventory value $34,000 after buying an extra 108 shares over the past quarter. Hedge funds and different institutional traders personal 93.60% of the corporate’s inventory.
Mid-America Condominium Communities Inventory Efficiency
Shares of NYSE MAA opened at $152.21 on Friday. The corporate has a debt-to-equity ratio of 0.76, a fast ratio of 0.12 and a present ratio of 0.12. The corporate has a market cap of $17.78 billion, a P/E ratio of 31.91, a P/E/G ratio of two.63 and a beta of 0.88. The agency’s fifty day transferring common is $157.84 and its two-hundred day transferring common is $143.35. Mid-America Condominium Communities, Inc. has a 52-week low of $115.56 and a 52-week excessive of $167.39.
Mid-America Condominium Communities Dividend Announcement
The agency additionally lately introduced a quarterly dividend, which might be paid on Thursday, October thirty first. Stockholders of file on Tuesday, October fifteenth might be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of three.86%. The ex-dividend date is Tuesday, October fifteenth. Mid-America Condominium Communities’s dividend payout ratio is 123.27%.
Analysts Set New Value Targets
MAA has been the subject of a number of analyst experiences. Wedbush lifted their worth goal on shares of Mid-America Condominium Communities from $154.00 to $184.00 and gave the inventory an “outperform” ranking in a analysis observe on Monday, August fifth. Scotiabank lifted their worth goal on shares of Mid-America Condominium Communities from $161.00 to $174.00 and gave the inventory a “sector carry out” ranking in a analysis observe on Monday, September sixteenth. JMP Securities raised their worth goal on shares of Mid-America Condominium Communities from $145.00 to $160.00 and gave the corporate a “market outperform” ranking in a analysis report on Friday, August 2nd. The Goldman Sachs Group initiated protection on shares of Mid-America Condominium Communities in a analysis report on Wednesday, September 4th. They set a “purchase” ranking and a $187.00 worth goal on the inventory. Lastly, Royal Financial institution of Canada raised their worth goal on shares of Mid-America Condominium Communities from $145.00 to $148.00 and gave the corporate a “sector carry out” ranking in a analysis report on Friday, August 2nd. One equities analysis analyst has rated the inventory with a promote ranking, eight have given a maintain ranking and eight have issued a purchase ranking to the inventory. In keeping with information from MarketBeat, the inventory has a mean ranking of “Maintain” and a consensus worth goal of $159.91.
Learn Our Newest Report on Mid-America Condominium Communities
Mid-America Condominium Communities Profile
MAA, an S&P 500 firm, is an actual property funding belief (REIT) centered on delivering full-cycle and superior funding efficiency for shareholders by way of the possession, administration, acquisition, improvement and redevelopment of high quality condo communities primarily within the Southeast, Southwest and Mid-Atlantic areas of the US.
See Additionally
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