Venturi Wealth Management LLC Purchases 283 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Venturi Wealth Management LLC grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 108.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544 shares of the real estate investment trust’s stock after purchasing an additional 283 shares during the period. Venturi Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $84,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAA. Creative Planning raised its stake in shares of Mid-America Apartment Communities by 12.2% during the third quarter. Creative Planning now owns 17,760 shares of the real estate investment trust’s stock worth $2,822,000 after acquiring an additional 1,928 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $215,000. Private Advisor Group LLC grew its position in shares of Mid-America Apartment Communities by 8.6% in the 3rd quarter. Private Advisor Group LLC now owns 2,684 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 213 shares during the period. International Assets Investment Management LLC boosted its position in shares of Mid-America Apartment Communities by 355,437.5% in the 3rd quarter. International Assets Investment Management LLC now owns 28,443 shares of the real estate investment trust’s stock worth $4,520,000 after purchasing an additional 28,435 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in Mid-America Apartment Communities by 3,664.3% in the third quarter. CENTRAL TRUST Co now owns 2,635 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 2,565 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Price Performance

MAA stock opened at $160.65 on Monday. The stock has a 50-day simple moving average of $153.29 and a 200-day simple moving average of $156.25. Mid-America Apartment Communities, Inc. has a 1 year low of $123.23 and a 1 year 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 firm has a market cap of $18.78 billion, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 3.72 and a beta of 0.91.

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

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $1.515 per share. This is a boost 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 yield of 3.77%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

Wall Street Analyst Weigh In

MAA has been the topic of several recent analyst reports. Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $173.00 to $182.00 in a research report on Friday, February 14th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on 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. KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a research note on Tuesday, December 17th. Finally, Evercore ISI lifted their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.00.

About Mid-America Apartment Communities

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.