Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Position Reduced by 44 Wealth Management LLC

44 Wealth Management LLC cut its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,802 shares of the real estate investment trust’s stock after selling 184 shares during the period. 44 Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp grew its position in Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after purchasing an additional 65,696 shares in the last quarter. Geode Capital Management LLC grew its position in Mid-America Apartment Communities by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock valued at $497,624,000 after purchasing an additional 48,168 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Mid-America Apartment Communities by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust’s stock valued at $215,402,000 after acquiring an additional 39,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Mid-America Apartment Communities by 516.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock valued at $170,694,000 after acquiring an additional 899,960 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Mid-America Apartment Communities by 0.3% in the third quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust’s stock valued at $55,087,000 after acquiring an additional 1,100 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Up 0.4 %

Shares of Mid-America Apartment Communities stock opened at $160.65 on Friday. The business has a fifty day simple moving average of $153.29 and a two-hundred day simple moving average of $156.22. 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 market capitalization of $18.78 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 3.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last posted its 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 return on equity of 8.53% and a net margin of 24.03%. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MAA. Royal Bank of Canada lifted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. BMO Capital Markets reduced their target price 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. JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

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.