Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4,612.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,288 shares of the real estate investment trust’s stock after purchasing an additional 21,815 shares during the quarter. Allworth Financial LP’s holdings in Mid-America Apartment Communities were worth $3,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MAA. Y Intercept Hong Kong Ltd purchased a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $2,890,000. Swedbank AB lifted its stake in shares of Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock worth $32,350,000 after acquiring an additional 5,178 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Mid-America Apartment Communities by 2.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock valued at $28,711,000 after purchasing an additional 4,301 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Mid-America Apartment Communities during the 3rd quarter valued at approximately $4,304,000. Finally, Capital Investment Advisors LLC increased its holdings in Mid-America Apartment Communities by 27.1% during the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after purchasing an additional 12,454 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAA has been the subject of several research analyst reports. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Royal Bank of Canada increased their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $173.00 to $182.00 in a research report on Friday. KeyCorp upgraded 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 research report on Tuesday, December 17th. Finally, Barclays dropped their target price on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $166.45.

Mid-America Apartment Communities Stock Up 0.0 %

MAA opened at $157.05 on Tuesday. The company has a market capitalization of $18.36 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91. The business has a 50-day moving average of $153.23 and a 200-day moving average of $155.99. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $167.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $1.515 per share. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a yield of 3.86%. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 135.27%.

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.