State of Alaska Department of Revenue Reduces Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

State of Alaska Department of Revenue lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,353 shares of the real estate investment trust’s stock after selling 6,078 shares during the period. State of Alaska Department of Revenue’s holdings in Mid-America Apartment Communities were worth $10,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MAA. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities in the third quarter worth $25,000. Activest Wealth Management purchased a new stake in Mid-America Apartment Communities in the third quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter worth about $37,000. Quarry LP purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $45,000. Finally, UMB Bank n.a. lifted its holdings in shares of Mid-America Apartment Communities by 30.5% in the 4th 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 period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Tuesday, December 17th. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $159.50 to $168.00 in a report on Friday, January 24th. Scotiabank decreased their target price on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.00.

Mid-America Apartment Communities Trading Up 1.4 %

Shares of MAA opened at $159.01 on Friday. Mid-America Apartment Communities, Inc. has a 52-week low of $121.51 and a 52-week high of $167.39. The stock has a market cap of $18.59 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.46 and a beta of 0.91. The firm’s fifty day moving average is $153.77 and its two-hundred day moving average is $155.12. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a $1.515 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.81%. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

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.