Mid-America Apartment Communities, Inc. (NYSE:MAA) Stake Lessened by B&I Capital AG

B&I Capital AG cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,415 shares of the real estate investment trust's stock after selling 8,020 shares during the quarter. Mid-America Apartment Communities makes up approximately 3.2% of B&I Capital AG's portfolio, making the stock its 11th largest holding. B&I Capital AG owned 0.05% of Mid-America Apartment Communities worth $9,802,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $25,000. Activest Wealth Management purchased a new stake in Mid-America Apartment Communities during the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC purchased a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $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 shares of Mid-America Apartment Communities during the third quarter worth $45,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA traded down $3.35 during midday trading on Thursday, hitting $166.68. 532,842 shares of the stock traded hands, compared to its average volume of 661,354. The business's 50 day moving average price is $155.39 and its two-hundred day moving average price is $157.02. The firm has a market capitalization of $19.48 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 3.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. Mid-America Apartment Communities, Inc. has a 1-year low of $123.73 and a 1-year high of $173.38.

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Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its 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 net margin of 24.03% and a return on equity of 8.53%. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.64%. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MAA. Morgan Stanley upgraded 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 report on Friday, January 24th. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Wells Fargo & Company cut their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. BMO Capital Markets decreased their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a report on Tuesday, January 21st. Finally, Mizuho reduced their price target 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.