Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,484 shares of the real estate investment trust’s stock after purchasing an additional 12,454 shares during the period. Capital Investment Advisors LLC owned about 0.05% of Mid-America Apartment Communities worth $9,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $25,000. Activest Wealth Management purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities in the third quarter valued at $37,000. Quarry LP acquired a new position in Mid-America Apartment Communities in the third quarter valued at $45,000. Finally, EverSource Wealth Advisors LLC boosted its stake in 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 worth $55,000 after buying an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

MAA traded up $0.34 on Monday, reaching $148.53. The company had a trading volume of 156,013 shares, compared to its average volume of 560,306. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year high of $167.39. The company has a market capitalization of $17.36 billion, a P/E ratio of 33.53, a PEG ratio of 2.53 and a beta of 0.91. The company has a fifty day moving average of $156.65 and a 200-day moving average of $153.94. 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 (NYSE:MAA) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 earnings per share. As a group, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is 136.79%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MAA shares. JMP Securities restated a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Friday. Mizuho lowered their price target on 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. Royal Bank of Canada lowered their target price 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. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research report on Tuesday, December 17th. Finally, Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price for the company in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $166.92.

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.