Corient Private Wealth LLC Reduces Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Corient Private Wealth LLC lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,355 shares of the real estate investment trust's stock after selling 2,100 shares during the period. Corient Private Wealth LLC's holdings in Mid-America Apartment Communities were worth $2,064,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 68 shares during the period. Quarry LP bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $45,000. UMB Bank n.a. increased its stake in 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 valued at $50,000 after acquiring an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in Mid-America Apartment Communities by 57.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 133 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $63,000. 93.60% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

MAA has been the subject of a number of research analyst reports. Evercore ISI upped their price objective 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. KeyCorp upgraded Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price target for the company in a research note on Tuesday, December 17th. Mizuho reduced their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. BMO Capital Markets dropped their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research report on Tuesday, January 21st. Finally, Raymond James boosted their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $168.90.

Mid-America Apartment Communities Price Performance

MAA traded up $0.18 during midday trading on Thursday, hitting $164.68. The stock had a trading volume of 717,044 shares, compared to its average volume of 669,000. The company has a market cap of $19.25 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. The business has a fifty day moving average of $159.30 and a 200 day moving average of $157.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts' consensus estimates 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 analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $1.515 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.68%. Mid-America Apartment Communities's payout ratio is currently 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.