Harvest Fund Management Co. Ltd Sells 3,778 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Harvest Fund Management Co. Ltd cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 92.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 307 shares of the real estate investment trust's stock after selling 3,778 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Mid-America Apartment Communities were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Inspire Investing LLC raised its holdings in shares of Mid-America Apartment Communities by 0.9% during the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock valued at $1,233,000 after purchasing an additional 68 shares in the last quarter. IFP Advisors Inc raised its holdings 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 valued at $39,000 after buying an additional 68 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Mid-America Apartment Communities by 0.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock valued at $1,704,000 after buying an additional 69 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Mid-America Apartment Communities by 1.6% in the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock worth $746,000 after buying an additional 75 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 75 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on MAA shares. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and boosted their target price for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $173.00 to $182.00 in a research report on Friday, February 14th. Raymond James boosted their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Thursday, March 20th. JMP Securities reissued a "market outperform" rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Finally, Evercore ISI upped their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of "Moderate Buy" and a consensus price target of $168.90.

Mid-America Apartment Communities Stock Up 0.1 %

Shares of Mid-America Apartment Communities stock traded up $0.18 during trading hours on Thursday, reaching $164.68. The company's stock had a trading volume of 717,044 shares, compared to its average volume of 669,099. 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's fifty day simple moving average is $159.02 and its two-hundred day simple moving average is $157.53. The company has a market capitalization of $19.25 billion, a P/E ratio of 36.76, a P/E/G ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) 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%. On average, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.68%. Mid-America Apartment Communities's payout ratio is 135.27%.

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.