Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Wealth Alliance

Wealth Alliance trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,777 shares of the real estate investment trust’s stock after selling 104 shares during the quarter. Wealth Alliance’s holdings in Mid-America Apartment Communities were worth $275,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MAA. Inspire Investing LLC lifted its stake in shares of Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock worth $1,233,000 after buying an additional 68 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 0.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock worth $1,704,000 after buying an additional 69 shares during the period. Chesley Taft & Associates LLC lifted its stake in shares of Mid-America Apartment Communities by 1.6% during the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock worth $746,000 after buying an additional 75 shares during the period. UMB Bank n.a. lifted its stake 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 worth $50,000 after buying an additional 75 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Mid-America Apartment Communities by 1.4% during the third quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust’s stock worth $962,000 after buying an additional 82 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MAA. JMP Securities reiterated a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Evercore ISI lifted their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. BMO Capital Markets lowered their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Barclays raised their target price on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Mizuho reduced their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

Mid-America Apartment Communities Stock Up 0.4 %

MAA opened at $160.65 on Friday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $167.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The company has a fifty day moving average of $153.29 and a two-hundred day moving average of $156.18. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 3.66 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.77%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 135.27%.

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.