Anchor Capital Advisors LLC has sold 8,547 shares of Mid-America Apartment Communities, Inc. Despite this, Goldman Sachs has initiated coverage of the company with a buy recommendation. This comes as the company experiences strong rents and occupancy rates. However, the company's stock has outperformed competitors despite losses on the day. MAA has announced regular quarterly preferred dividends, with their series A preferred shares yield pushing past 7.5%. Hamel Associates Inc. has made a new $590,000 investment in MAA. Other institutional investors such as Wolverine Asset Management LLC and Fielder Capital Group LLC have also increased their stake in MAA. The company has hit a new 12-month high at $162.77, despite a large increase in short interest. MAA has reached some milestones, including 30 years as a publicly traded company and reports of strong financial performance in their latest quarterly results. Some analysts predict a challenging outlook for 2024, but see improvement beyond. It has received upgrades from Wells Fargo, BofA and Truist. Despite noticeable market challenges, MAA remains an attractive long-term investment, demonstrating resiliency in a tough economic climate.
Mid-America Apartment Communities MAA News Analytics from Mon, 25 Sep 2023 07:00:00 GMT to Sun, 08 Sep 2024 18:51:08 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 3