2,341 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Purchased by Kiker Wealth Management LLC

Kiker Wealth Management LLC acquired a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,341 shares of the real estate investment trust's stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAA. Inspire Investing LLC lifted 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 buying an additional 68 shares during the last quarter. IFP Advisors Inc raised 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 valued at $39,000 after acquiring an additional 68 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Mid-America Apartment Communities by 0.6% in 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 acquiring an additional 69 shares during the last quarter. Chesley Taft & Associates LLC grew its position in 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 acquiring an additional 75 shares in the last quarter. Finally, UMB Bank n.a. increased 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 purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MAA shares. Wells Fargo & Company reduced their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Truist Financial boosted their price target on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Evercore ISI increased their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Barclays boosted their target price on Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Finally, StockNews.com upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of "Moderate Buy" and a consensus target price of $168.90.

Mid-America Apartment Communities Stock Performance

MAA stock traded down $0.52 during midday trading on Tuesday, hitting $163.19. The stock had a trading volume of 605,919 shares, compared to its average volume of 668,072. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 3.72 and a beta of 0.90. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a 50-day simple moving average of $158.48 and a 200 day simple moving average of $157.45. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.71%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 135.27%.

About Mid-America Apartment Communities

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.