Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by Norden Group LLC

Norden Group LLC grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 4,040 shares of the real estate investment trust’s stock after buying an additional 230 shares during the period. Norden Group LLC’s holdings in Mid-America Apartment Communities were worth $624,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $25,000. Activest Wealth Management acquired a new stake in Mid-America Apartment Communities during the third quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the third quarter worth approximately $37,000. IFP Advisors Inc boosted its position in Mid-America Apartment Communities by 37.2% during the fourth 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. Finally, Quarry LP acquired a new stake in Mid-America Apartment Communities during the third quarter worth approximately $45,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $170.77 on Tuesday. The company’s fifty day simple moving average is $154.46 and its 200-day simple moving average is $156.69. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $172.12. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a market cap of $19.96 billion, a PE ratio of 38.12, a P/E/G ratio of 3.72 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) 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 research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.55%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is presently 135.27%.

Analysts Set New Price Targets

MAA has been the topic of a number of analyst reports. BMO Capital Markets decreased their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company decreased their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.