Foresight Group Ltd Liability Partnership Has $1.85 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Foresight Group Ltd Liability Partnership cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,116 shares of the real estate investment trust's stock after selling 2,835 shares during the period. Mid-America Apartment Communities comprises approximately 1.1% of Foresight Group Ltd Liability Partnership's investment portfolio, making the stock its 15th biggest holding. Foresight Group Ltd Liability Partnership's holdings in Mid-America Apartment Communities were worth $1,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth about $25,000. Activest Wealth Management bought a new stake in Mid-America Apartment Communities during the third quarter worth about $32,000. Catalyst Capital Advisors LLC acquired a new position in Mid-America Apartment Communities during the third quarter valued at approximately $37,000. Quarry LP bought a new position in Mid-America Apartment Communities in the third quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Mid-America Apartment Communities by 252.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 280 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded down $0.19 during midday trading on Friday, hitting $150.44. The stock had a trading volume of 671,621 shares, compared to its average volume of 545,380. The company's 50-day moving average price is $156.20 and its 200-day moving average price is $154.08. Mid-America Apartment Communities, Inc. has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $17.58 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the previous year, the company earned $2.29 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.89 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date is Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 4.03%. Mid-America Apartment Communities's payout ratio is presently 132.73%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAA. JMP Securities restated a "market outperform" rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, January 10th. Mizuho lowered 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 research note on Monday, January 6th. Raymond James upgraded shares of Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 target price for the company in a research note on Monday, October 21st. Royal Bank of Canada lowered their price target on 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. Finally, Scotiabank cut their price objective on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $166.92.

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.