Orion Portfolio Solutions LLC Purchases 4,104 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Orion Portfolio Solutions LLC increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,398 shares of the real estate investment trust's stock after acquiring an additional 4,104 shares during the period. Orion Portfolio Solutions LLC's holdings in Mid-America Apartment Communities were worth $3,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MAA. Nomura Asset Management Co. Ltd. boosted its stake in shares of Mid-America Apartment Communities by 3.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 187,781 shares of the real estate investment trust's stock valued at $29,025,000 after buying an additional 7,092 shares during the period. Duff & Phelps Investment Management Co. boosted its position in shares of Mid-America Apartment Communities by 271.3% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 289,188 shares of the real estate investment trust's stock worth $44,700,000 after buying an additional 211,308 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at about $1,926,000. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $826,562,000. Finally, NEOS Investment Management LLC increased its position in shares of Mid-America Apartment Communities by 28.4% during the 4th quarter. NEOS Investment Management LLC now owns 5,614 shares of the real estate investment trust's stock valued at $868,000 after purchasing an additional 1,242 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

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Mid-America Apartment Communities Price Performance

NYSE MAA traded down $3.84 on Thursday, hitting $164.16. 273,135 shares of the company were exchanged, compared to its average volume of 703,878. The company has a market cap of $19.19 billion, a P/E ratio of 36.67, a P/E/G 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 company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $160.71 and a two-hundred day moving average of $157.63.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.69%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 135.27%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MAA shares. BMO Capital Markets reduced their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research note on Tuesday, January 21st. JMP Securities reissued a "market outperform" rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Finally, Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $168.90.

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.