Prudent Man Advisors LLC Has $215,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Prudent Man Advisors LLC decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,391 shares of the real estate investment trust’s stock after selling 164 shares during the quarter. Prudent Man Advisors LLC’s holdings in Mid-America Apartment Communities were worth $215,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MAA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Mid-America Apartment Communities by 516.4% during the 3rd 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 worth $170,694,000 after buying an additional 899,960 shares during the period. Aew Capital Management L P boosted its holdings in shares of Mid-America Apartment Communities by 516.3% during the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock worth $97,533,000 after buying an additional 528,608 shares during the period. KBC Group NV boosted its holdings in shares of Mid-America Apartment Communities by 830.8% during the 3rd quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock worth $19,987,000 after buying an additional 112,271 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Mid-America Apartment Communities by 2,378.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust’s stock worth $13,401,000 after buying an additional 80,936 shares during the period. Finally, State Street Corp boosted its holdings in shares of Mid-America Apartment Communities by 0.9% during the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after buying an additional 65,696 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MAA shares. Scotiabank raised shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $173.00 to $182.00 in a report on Friday, February 14th. BMO Capital Markets decreased their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a report on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. 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 report on Tuesday, December 17th. Finally, Wells Fargo & Company reduced their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $167.00.

Mid-America Apartment Communities Trading Up 0.8 %

Shares of Mid-America Apartment Communities stock opened at $168.29 on Friday. The stock has a market capitalization of $19.67 billion, a P/E ratio of 37.56, a price-to-earnings-growth ratio of 3.72 and a beta of 0.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a 50-day simple moving average of $154.46 and a 200 day simple moving average of $156.67. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $169.05.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Research analysts expect 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 company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given 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 3.60%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio (DPR) 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.