HB Wealth Management LLC Acquires 9,408 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

HB Wealth Management LLC increased its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 322.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,328 shares of the real estate investment trust's stock after acquiring an additional 9,408 shares during the quarter. HB Wealth Management LLC's holdings in Mid-America Apartment Communities were worth $1,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Mid-America Apartment Communities by 516.4% during the third 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 acquiring an additional 899,960 shares in the last quarter. Duquesne Family Office LLC purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $91,868,000. Long Pond Capital LP raised its stake in shares of Mid-America Apartment Communities by 550.9% during the 2nd quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust's stock worth $92,270,000 after purchasing an additional 547,607 shares during the period. KBC Group NV boosted 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 worth $19,987,000 after buying an additional 112,271 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in Mid-America Apartment Communities by 2,086.4% in the second quarter. APG Asset Management N.V. now owns 89,598 shares of the real estate investment trust's stock worth $11,922,000 after acquiring an additional 85,500 shares during the period. 93.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Scotiabank dropped their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 14th. KeyCorp upgraded shares of Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price for the company in a research report on Tuesday, December 17th. Mizuho lowered their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Raymond James raised Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price target for the company in a report on Monday, October 21st. Finally, StockNews.com downgraded Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $166.92.

Mid-America Apartment Communities Trading Down 0.1 %

Shares of MAA stock traded down $0.19 during mid-day trading on Monday, reaching $150.44. The stock had a trading volume of 671,621 shares, compared to its average volume of 545,380. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $17.58 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a 52-week low of $121.51 and a 52-week high of $167.39. The stock's 50-day moving average price is $156.20 and its two-hundred day moving average price is $154.27.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($1.20). The company had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $1.515 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 4.03%. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.47. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 136.79%.

About Mid-America Apartment Communities

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.