Prudential Financial Inc. Sells 5,232 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Prudential Financial Inc. decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 290,346 shares of the real estate investment trust's stock after selling 5,232 shares during the quarter. Prudential Financial Inc. owned 0.25% of Mid-America Apartment Communities worth $44,879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Inspire Investing LLC increased its position in 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 worth $1,233,000 after purchasing an additional 68 shares in the last quarter. IFP Advisors Inc grew its stake in shares of 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 buying an additional 68 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of 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 worth $1,704,000 after buying an additional 69 shares in the last quarter. Chesley Taft & Associates LLC lifted its stake in shares of Mid-America Apartment Communities by 1.6% in the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock valued at $746,000 after acquiring an additional 75 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MAA shares. Wells Fargo & Company reduced their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $173.00 to $182.00 in a report on Friday, February 14th. StockNews.com downgraded Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Saturday. JMP Securities reiterated a "market outperform" rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Finally, Morgan Stanley raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $168.90.

Mid-America Apartment Communities Trading Up 0.4 %

MAA stock traded up $0.68 during mid-day trading on Friday, reaching $165.93. The company's stock had a trading volume of 527,543 shares, compared to its average volume of 703,854. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. 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 business's 50 day moving average price is $159.61 and its 200 day moving average price is $157.52. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

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 given a dividend of $1.515 per share. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.65%. 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.