New Age Alpha Advisors LLC Takes $1.93 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

New Age Alpha Advisors LLC bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,459 shares of the real estate investment trust's stock, valued at approximately $1,926,000.

A number of other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 68 shares in the last quarter. Quarry LP acquired a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $45,000. UMB Bank n.a. increased its stake in 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. Catalyst Capital Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 133 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $63,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA traded down $3.55 during trading hours on Thursday, reaching $164.45. The stock had a trading volume of 252,925 shares, compared to its average volume of 767,756. The firm has a 50-day moving average of $160.71 and a 200-day moving average of $157.63. The firm has a market cap of $19.22 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.72 and a beta of 0.90. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38.

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Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted 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 return on equity of 8.53% and a net margin of 24.03%. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current 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 issued a $1.515 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.69%. Mid-America Apartment Communities's payout ratio is 135.27%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MAA. BMO Capital Markets cut 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 note on Tuesday, January 21st. Evercore ISI boosted their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. StockNews.com lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Finally, Raymond James upped their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.90.

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.