Charles Schwab Investment Management Inc. Has $215.40 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Charles Schwab Investment Management Inc. grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,355,585 shares of the real estate investment trust's stock after purchasing an additional 39,123 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.16% of Mid-America Apartment Communities worth $215,402,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Mid-America Apartment Communities in the third quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $26,000. Versant Capital Management Inc boosted its position in shares of Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 215 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth $37,000. Finally, UMB Bank n.a. increased its holdings in Mid-America Apartment Communities by 82.4% in the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $160.94 on Friday. The firm has a market cap of $18.81 billion, a PE ratio of 36.33, a P/E/G ratio of 2.55 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 12 month low of $121.38 and a 12 month high of $167.39. The company's fifty day simple moving average is $156.76 and its 200-day simple moving average is $148.94. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

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 the consensus estimate of $2.18 by ($1.20). The business had revenue of $551.13 million for 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 company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $2.29 earnings per share. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities's dividend payout ratio is currently 132.73%.

Analyst Ratings Changes

MAA has been the topic of a number of recent analyst reports. StockNews.com cut Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Tuesday, November 5th. BNP Paribas initiated coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a "neutral" rating and a $169.00 target price for the company. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $138.00 to $174.00 in a report on Monday, August 26th. Scotiabank lowered their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Finally, Bank of America upgraded Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $144.00 to $189.00 in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $161.64.

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.