Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2,378.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,339 shares of the real estate investment trust’s stock after buying an additional 80,936 shares during the quarter. Benjamin Edwards Inc. owned about 0.07% of Mid-America Apartment Communities worth $13,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAA. B. Riley Wealth Advisors Inc. boosted its position in Mid-America Apartment Communities by 5.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 90 shares in the last quarter. Cetera Investment Advisers boosted its position in Mid-America Apartment Communities by 33.0% in the 1st quarter. Cetera Investment Advisers now owns 51,421 shares of the real estate investment trust’s stock worth $6,766,000 after purchasing an additional 12,773 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 525.5% during the 1st quarter. Cetera Advisors LLC now owns 21,460 shares of the real estate investment trust’s stock valued at $2,824,000 after buying an additional 18,029 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Mid-America Apartment Communities by 72.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,612 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 675 shares in the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Mid-America Apartment Communities by 15.5% during the 2nd quarter. DNB Asset Management AS now owns 18,950 shares of the real estate investment trust’s stock valued at $2,702,000 after buying an additional 2,539 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MAA. StockNews.com lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. BNP Paribas began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They set a “neutral” rating and a $169.00 target price on the stock. Bank of America raised shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. The Goldman Sachs Group began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price on the stock. Finally, Wedbush lifted their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $162.68.

Mid-America Apartment Communities Stock Down 1.1 %

Shares of MAA opened at $162.40 on Tuesday. The firm has a market cap of $18.98 billion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 2.64 and a beta of 0.90. 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 company’s 50-day moving average price is $156.72 and its 200 day moving average price is $150.11. Mid-America Apartment Communities, Inc. has a 12-month low of $121.51 and a 12-month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.20). The firm had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. On average, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 132.73%.

About Mid-America Apartment Communities

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.