LPL Financial LLC Has $6.88 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

LPL Financial LLC cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,534 shares of the real estate investment trust's stock after selling 3,331 shares during the quarter. LPL Financial LLC's holdings in Mid-America Apartment Communities were worth $6,884,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. State Street Corp lifted its stake in shares of Mid-America Apartment Communities by 0.9% in the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust's stock valued at $1,228,569,000 after buying an additional 65,696 shares during the period. Geode Capital Management LLC lifted its position in shares of Mid-America Apartment Communities by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust's stock worth $497,624,000 after acquiring an additional 48,168 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Mid-America Apartment Communities by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,389,113 shares of the real estate investment trust's stock worth $214,715,000 after acquiring an additional 33,528 shares during the period. Aew Capital Management L P grew its holdings in shares of Mid-America Apartment Communities by 516.3% during the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust's stock worth $97,533,000 after purchasing an additional 528,608 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $95,671,000. 93.60% of the stock is owned by institutional investors.

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Mid-America Apartment Communities Stock Performance

NYSE MAA traded down $0.63 on Friday, hitting $154.24. 1,588,647 shares of the stock were exchanged, compared to its average volume of 729,506. The company has a market capitalization of $18.03 billion, a PE ratio of 34.43, a P/E/G ratio of 3.72 and a beta of 0.79. 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 business's fifty day moving average is $161.35 and its 200 day moving average is $157.11. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $173.38.

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 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.93%. Mid-America Apartment Communities's payout ratio is 135.27%.

Analyst Ratings Changes

MAA has been the topic of several analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. StockNews.com raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Sunday, April 6th. Evercore ISI lifted their target price on 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. Scotiabank raised shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Finally, Barclays cut their target price on Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.76.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the completion of the sale, the chief executive officer now owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. The trade was a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 7,140 shares of company stock worth $1,142,842. 1.30% of the stock is owned by company insiders.

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.