Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY reduced its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 98.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,417 shares of the real estate investment trust's stock after selling 193,893 shares during the period. Miller Howard Investments Inc. NY's holdings in Mid-America Apartment Communities were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth about $25,000. Activest Wealth Management purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth about $32,000. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the third quarter worth about $37,000. Quarry LP acquired a new stake in Mid-America Apartment Communities during the third quarter worth about $45,000. Finally, UMB Bank n.a. increased its position in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 75 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

MAA traded up $1.10 during trading on Thursday, hitting $156.92. The stock had a trading volume of 605,402 shares, compared to its average volume of 740,683. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.09 and a current ratio of 0.08. The firm has a market capitalization of $18.34 billion, a P/E ratio of 35.03, a PEG ratio of 2.56 and a beta of 0.91. The company's 50-day moving average price is $153.31 and its 200 day moving average price is $155.60. Mid-America Apartment Communities, Inc. has a twelve month low of $123.23 and a twelve month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $1.515 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.86%. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAA. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $159.50 to $168.00 in a research report on Friday, January 24th. Mizuho lowered 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 note on Monday, January 6th. Barclays lowered their price objective on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Royal Bank of Canada lifted their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Finally, Evercore ISI lifted their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research note on Monday. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of "Hold" and a consensus target price of $166.00.

Mid-America Apartment Communities Company Profile

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.