Capital Investment Advisors LLC Increases Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Capital Investment Advisors LLC increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,484 shares of the real estate investment trust's stock after purchasing an additional 12,454 shares during the quarter. Capital Investment Advisors LLC owned 0.05% of Mid-America Apartment Communities worth $9,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Mid-America Apartment Communities in the 2nd quarter worth approximately $241,000. American Century Companies Inc. increased its position in Mid-America Apartment Communities by 11.0% during the second quarter. American Century Companies Inc. now owns 37,763 shares of the real estate investment trust's stock valued at $5,385,000 after acquiring an additional 3,732 shares during the last quarter. Forsta AP Fonden lifted its holdings in Mid-America Apartment Communities by 72.9% in the second quarter. Forsta AP Fonden now owns 29,400 shares of the real estate investment trust's stock valued at $4,193,000 after acquiring an additional 12,400 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Mid-America Apartment Communities by 1.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 83,676 shares of the real estate investment trust's stock valued at $11,758,000 after acquiring an additional 1,391 shares during the period. Finally, Federated Hermes Inc. boosted its position in Mid-America Apartment Communities by 3,021.7% in the second quarter. Federated Hermes Inc. now owns 718 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 695 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Up 1.3 %

MAA traded up $1.89 during trading hours on Monday, reaching $150.08. 738,783 shares of the company's stock traded hands, compared to its average volume of 648,416. The firm has a 50-day moving average price of $156.65 and a 200 day moving average price of $153.94. The firm has a market capitalization of $17.54 billion, a PE ratio of 33.88, a PEG ratio of 2.53 and a beta of 0.91. 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, Inc. has a 52-week low of $121.51 and a 52-week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.20). The company had revenue of $551.13 million for the quarter, compared to analysts' expectations of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm'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 posted $2.29 earnings per share. As a group, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $1.515 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 4.04%. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.47. Mid-America Apartment Communities's dividend payout ratio is 136.79%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Scotiabank lowered their price objective on shares of 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. Royal Bank of Canada decreased their price target on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Mizuho cut their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday. Finally, Barclays started coverage on Mid-America Apartment Communities in a report on Tuesday, December 17th. They issued an "equal weight" rating and a $166.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $166.92.

Mid-America Apartment Communities Company Profile

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.