Allspring Global Investments Holdings LLC Decreases Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Allspring Global Investments Holdings LLC lessened its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 237,980 shares of the real estate investment trust's stock after selling 29,474 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.20% of Mid-America Apartment Communities worth $36,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Mid-America Apartment Communities by 0.9% during the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust's stock worth $1,228,569,000 after purchasing an additional 65,696 shares during the period. Geode Capital Management LLC increased its holdings in Mid-America Apartment Communities by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust's stock worth $497,624,000 after purchasing an additional 48,168 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Mid-America Apartment Communities by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust's stock worth $215,402,000 after acquiring an additional 39,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Mid-America Apartment Communities by 516.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust's stock worth $170,694,000 after acquiring an additional 899,960 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Mid-America Apartment Communities by 0.3% during the 3rd quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust's stock worth $55,087,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Down 0.1 %

Shares of NYSE:MAA traded down $0.22 during midday trading on Tuesday, reaching $156.78. The company's stock had a trading volume of 148,937 shares, compared to its average volume of 719,458. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 1 year low of $123.23 and a 1 year high of $167.39. The business has a 50 day moving average price of $153.23 and a 200 day moving average price of $155.99.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating 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 forecast that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Wednesday, January 15th. 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%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Barclays decreased their price objective on Mid-America Apartment Communities from $166.00 to $152.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. KeyCorp raised 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. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of "Moderate Buy" and a consensus target price of $166.45.

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.