Diamond Hill Capital Management Inc. Trims Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Diamond Hill Capital Management Inc. lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 464,922 shares of the real estate investment trust's stock after selling 75,576 shares during the period. Diamond Hill Capital Management Inc. owned 0.40% of Mid-America Apartment Communities worth $71,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MAA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 valued at $170,694,000 after purchasing an additional 899,960 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at about $95,671,000. Aew Capital Management L P lifted its holdings in shares of Mid-America Apartment Communities by 516.3% in the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust's stock valued at $97,533,000 after acquiring an additional 528,608 shares during the last quarter. KBC Group NV lifted its holdings in shares of Mid-America Apartment Communities by 830.8% in the 3rd quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust's stock valued at $19,987,000 after acquiring an additional 112,271 shares during the last quarter. Finally, River Road Asset Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 23.4% in the 4th quarter. River Road Asset Management LLC now owns 441,860 shares of the real estate investment trust's stock valued at $68,298,000 after acquiring an additional 83,926 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

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Mid-America Apartment Communities Stock Down 1.5 %

MAA traded down $2.42 during trading on Tuesday, hitting $162.07. The stock had a trading volume of 626,605 shares, compared to its average volume of 664,903. The company has a market capitalization of $18.95 billion, a PE ratio of 36.18, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a 50 day simple moving average of $157.15 and a two-hundred day simple moving average of $157.46.

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 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%. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.74%. Mid-America Apartment Communities's payout ratio is currently 135.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. BMO Capital Markets lowered their price target on shares of 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. Morgan Stanley raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $159.50 to $168.00 in a report on Friday, January 24th. Royal Bank of Canada increased their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Evercore ISI increased their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, Scotiabank raised shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $168.43.

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.