HighPoint Advisor Group LLC Has $384,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

HighPoint Advisor Group LLC lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,460 shares of the real estate investment trust’s stock after selling 139 shares during the period. HighPoint Advisor Group LLC’s holdings in Mid-America Apartment Communities were worth $384,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Mid-America Apartment Communities by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 483,743 shares of the real estate investment trust’s stock worth $74,772,000 after buying an additional 41,390 shares during the period. Wellington Management Group LLP lifted its stake in shares of Mid-America Apartment Communities by 106.6% in the fourth quarter. Wellington Management Group LLP now owns 94,153 shares of the real estate investment trust’s stock worth $14,553,000 after acquiring an additional 48,574 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Mid-America Apartment Communities by 12.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,315 shares of the real estate investment trust’s stock valued at $976,000 after acquiring an additional 675 shares during the last quarter. Schroder Investment Management Group increased its position in Mid-America Apartment Communities by 3.9% during the 4th quarter. Schroder Investment Management Group now owns 16,612 shares of the real estate investment trust’s stock valued at $2,542,000 after purchasing an additional 622 shares during the period. Finally, Allianz SE acquired a new stake in Mid-America Apartment Communities during the 4th quarter valued at approximately $1,063,000. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAA. StockNews.com lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. Jefferies Financial Group upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price target for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Evercore ISI lifted their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Barclays upped their target price on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Finally, KeyCorp upgraded 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 report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.90.

Mid-America Apartment Communities Stock Up 0.4 %

MAA opened at $168.08 on Thursday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The company’s 50-day moving average is $160.71 and its 200 day moving average is $157.63. The firm has a market capitalization of $19.65 billion, a P/E ratio of 37.52, a PEG ratio of 3.72 and a beta of 0.90.

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 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 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.