Clean Yield Group Trims Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Clean Yield Group cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 21.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,248 shares of the real estate investment trust’s stock after selling 350 shares during the period. Clean Yield Group’s holdings in Mid-America Apartment Communities were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $25,000. Activest Wealth Management acquired a new position in shares of Mid-America Apartment Communities in the third quarter worth about $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $37,000. Quarry LP acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 252.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MAA. JMP Securities restated a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday. Barclays began coverage on shares of Mid-America Apartment Communities in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $166.00 price objective for the company. Mizuho dropped their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research note on Monday, October 21st. Finally, Royal Bank of Canada cut their price objective on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $166.92.

Mid-America Apartment Communities Trading Up 1.1 %

MAA stock traded up $1.67 during trading on Monday, reaching $149.86. 332,937 shares of the stock were exchanged, compared to its average volume of 586,651. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 2.53 and a beta of 0.91. The business has a 50 day moving average price of $156.65 and a 200-day moving average price of $153.94. 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 released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). The firm had revenue of $551.13 million for the quarter, compared to analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $1.515 per share. The ex-dividend date is Wednesday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.04%. Mid-America Apartment Communities’s dividend payout ratio is currently 136.79%.

Mid-America Apartment Communities Company Profile

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.