Andra AP fonden Has $6.09 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Andra AP fonden lessened its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,400 shares of the real estate investment trust’s stock after selling 6,000 shares during the period. Andra AP fonden’s holdings in Mid-America Apartment Communities were worth $6,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $25,000. Activest Wealth Management bought a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $32,000. IFP Advisors Inc grew its holdings in Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Quarry LP acquired a new position in Mid-America Apartment Communities in the 3rd quarter valued at approximately $45,000. Finally, UMB Bank n.a. lifted its holdings in shares of Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. BMO Capital Markets lowered their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research note on Tuesday, December 17th. StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $167.00.

Mid-America Apartment Communities Trading Down 0.3 %

NYSE MAA opened at $166.31 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $173.38. The business has a 50 day moving average price of $155.87 and a 200-day moving average price of $157.21. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping the consensus estimate 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%. As a group, equities 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 business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid 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 yield of 3.64%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is 135.27%.

Mid-America Apartment Communities 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.