Baron Wealth Management LLC Has $317,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Baron Wealth Management LLC trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,051 shares of the real estate investment trust’s stock after selling 141 shares during the period. Baron Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Mid-America Apartment Communities during the third quarter worth approximately $25,000. Activest Wealth Management bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new position in Mid-America Apartment Communities during the third quarter worth $37,000. Quarry LP bought a new position in shares of Mid-America Apartment Communities in the third quarter valued at $45,000. Finally, UMB Bank n.a. grew its holdings in shares of Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 75 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAA has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. BMO Capital Markets cut their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. StockNews.com lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Scotiabank cut their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $159.50 to $168.00 in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $166.00.

Mid-America Apartment Communities Stock Down 1.8 %

Mid-America Apartment Communities stock opened at $148.68 on Thursday. The firm has a 50 day simple moving average of $154.72 and a 200 day simple moving average of $154.72. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a 1-year low of $121.51 and a 1-year high of $167.39. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 2.37 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company had revenue of $551.13 million for the quarter, compared to analysts’ expectations of $548.53 million. During the same period last year, the company posted $2.29 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $1.515 dividend. 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 annualized dividend and a yield of 4.08%. Mid-America Apartment Communities’s dividend payout ratio is currently 136.79%.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.