Barclays PLC Reduces Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Barclays PLC lowered its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,867 shares of the real estate investment trust's stock after selling 21,711 shares during the period. Barclays PLC owned approximately 0.21% of Mid-America Apartment Communities worth $38,749,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MAA. Ashton Thomas Securities LLC bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $25,000. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $26,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $32,000. UMB Bank n.a. lifted its holdings in Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Mid-America Apartment Communities in the 3rd quarter worth about $37,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Down 0.7 %

Shares of MAA stock traded down $1.13 on Friday, hitting $157.22. 387,736 shares of the company's stock traded hands, compared to its average volume of 740,999. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 2.55 and a beta of 0.90. The company's fifty day simple moving average is $156.83 and its 200 day simple moving average is $151.71. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). The company had revenue of $551.13 million during the quarter, compared to analysts' expectations of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.29 EPS. Equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $1.515 dividend. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date is Wednesday, January 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.85%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 132.73%.

Analyst Ratings Changes

MAA has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating on the stock in a report on Friday, November 1st. StockNews.com downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Tuesday, November 5th. Piper Sandler upped their price target on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. Raymond James upgraded Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price objective on the stock in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $162.68.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.