Allworth Financial LP Has $3.28 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Allworth Financial LP increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4,612.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,288 shares of the real estate investment trust's stock after acquiring an additional 21,815 shares during the period. Allworth Financial LP's holdings in Mid-America Apartment Communities were worth $3,279,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MAA. Inspire Investing LLC boosted its holdings in shares of Mid-America Apartment Communities by 0.9% in the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock worth $1,233,000 after buying an additional 68 shares during the period. UMB Bank n.a. boosted its holdings in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after buying an additional 75 shares during the period. Chesley Taft & Associates LLC boosted its holdings 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 period. Brown Brothers Harriman & Co. boosted its holdings in shares of Mid-America Apartment Communities by 1.4% in the third quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust's stock worth $962,000 after buying an additional 82 shares during the period. Finally, First Commonwealth Financial Corp PA boosted its holdings in shares of Mid-America Apartment Communities by 2.1% in the third quarter. First Commonwealth Financial Corp PA now owns 4,178 shares of the real estate investment trust's stock worth $664,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Analysts Set New Price Targets

MAA has been the subject of several recent analyst reports. 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 report on Tuesday, December 17th. Barclays increased their price target on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Evercore ISI increased their price target 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. JMP Securities reissued a "market outperform" rating and issued a $160.00 price target 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 increased their price target for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $167.00.

Mid-America Apartment Communities Stock Performance

MAA stock traded up $0.57 during midday trading on Friday, hitting $160.65. 1,041,296 shares of the company traded hands, compared to its average volume of 744,225. Mid-America Apartment Communities, Inc. has a twelve month low of $123.23 and a twelve month high of $167.39. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The business has a 50 day simple moving average of $153.29 and a 200-day simple moving average of $156.18. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 3.66 and a beta of 0.91.

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

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $1.515 dividend. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.77%. 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.