Barrow Hanley Mewhinney & Strauss LLC Sells 19,422 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Barrow Hanley Mewhinney & Strauss LLC cut its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,600,296 shares of the real estate investment trust's stock after selling 19,422 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.37% of Mid-America Apartment Communities worth $247,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 68 shares during the period. Quarry LP acquired a new stake in shares of Mid-America Apartment Communities in the third quarter worth $45,000. UMB Bank n.a. grew its stake 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 acquiring an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in Mid-America Apartment Communities by 57.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 133 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Remove Ads

Mid-America Apartment Communities Trading Down 1.4 %

Shares of Mid-America Apartment Communities stock traded down $2.34 on Thursday, hitting $165.66. 161,724 shares of the company's stock traded hands, compared to its average volume of 702,513. The firm's 50-day moving average price is $160.71 and its two-hundred day moving average price is $157.63. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $19.37 billion, a PE ratio of 36.98, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38.

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 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MAA shares. Mizuho dropped their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Truist Financial raised their target price 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. StockNews.com lowered shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Evercore ISI lifted their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, JMP Securities restated a "market outperform" rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Moderate Buy" and an average target price of $168.90.

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.