Morey & Quinn Wealth Partners LLC Takes Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Morey & Quinn Wealth Partners LLC acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,579 shares of the real estate investment trust's stock, valued at approximately $553,000.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc grew its holdings 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 worth $39,000 after acquiring an additional 68 shares during the last quarter. Quarry LP acquired a new position in shares of Mid-America Apartment Communities during the third quarter worth approximately $45,000. UMB Bank n.a. grew its stake in shares of 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 valued at $50,000 after purchasing an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of Mid-America Apartment Communities by 57.8% during the fourth 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 acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $63,000. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 0.4 %

MAA stock traded up $0.68 during mid-day trading on Friday, hitting $165.93. 527,543 shares of the company were exchanged, compared to its average volume of 703,854. 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, Inc. has a 1-year low of $123.73 and a 1-year high of $173.38. The firm's 50 day simple moving average is $159.61 and its 200 day simple moving average is $157.57. The firm has a market cap of $19.40 billion, a P/E ratio of 37.04, a P/E/G ratio of 3.72 and a beta of 0.90.

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Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts predict 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. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.65%. Mid-America Apartment Communities's payout ratio is presently 135.27%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MAA shares. Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $173.00 to $182.00 in a report on Friday, February 14th. KeyCorp raised Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price target on the stock in a research note on Tuesday, December 17th. BMO Capital Markets lowered their price objective 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. Truist Financial upped their target price on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a "buy" rating in a research report on Monday, March 10th. 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 report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Moderate Buy" and a consensus price target of $168.90.

Mid-America Apartment Communities 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.