Pensionfund DSM Netherlands Sells 6,000 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Pensionfund DSM Netherlands cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,340 shares of the real estate investment trust's stock after selling 6,000 shares during the quarter. Mid-America Apartment Communities accounts for about 2.0% of Pensionfund DSM Netherlands' investment portfolio, making the stock its 15th largest holding. Pensionfund DSM Netherlands' holdings in Mid-America Apartment Communities were worth $3,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $2,890,000. Prosperity Consulting Group LLC purchased a new stake in Mid-America Apartment Communities during the second quarter valued at approximately $2,572,000. Swedbank AB raised its position in Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust's stock worth $32,350,000 after acquiring an additional 5,178 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Mid-America Apartment Communities by 2.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust's stock valued at $28,711,000 after acquiring an additional 4,301 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth $4,304,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Down 3.6 %

MAA traded down $5.57 on Monday, hitting $149.49. The company had a trading volume of 617,976 shares, compared to its average volume of 557,958. The business's fifty day simple moving average is $156.92 and its 200 day simple moving average is $153.66. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a 12-month low of $121.51 and a 12-month high of $167.39. The company has a market cap of $17.47 billion, a PE ratio of 33.74, a PEG ratio of 2.53 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $551.13 million during the quarter, compared to analysts' expectations of $548.53 million. During the same quarter last year, the firm posted $2.29 EPS. Mid-America Apartment Communities's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $1.515 per share. The ex-dividend date of this dividend is 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 4.05%. Mid-America Apartment Communities's payout ratio is currently 136.79%.

Analyst Ratings Changes

Several research firms have issued reports on MAA. Raymond James raised Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price target for the company in a report on Monday, October 21st. Barclays began coverage on Mid-America Apartment Communities in a research note on Tuesday, December 17th. They set an "equal weight" rating and a $166.00 price objective for the company. KeyCorp raised shares of 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 report on Tuesday, December 17th. Royal Bank of Canada reduced their price objective on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating for the company in a research note on Friday, November 1st. Finally, Mizuho decreased 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 report on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $166.92.

Mid-America Apartment Communities Profile

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.