Proficio Capital Partners LLC Makes New Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Proficio Capital Partners LLC acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,919 shares of the real estate investment trust's stock, valued at approximately $10,035,000. Proficio Capital Partners LLC owned 0.06% of Mid-America Apartment Communities as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MAA. Private Advisor Group LLC raised its position in shares of Mid-America Apartment Communities by 8.6% in the 3rd quarter. Private Advisor Group LLC now owns 2,684 shares of the real estate investment trust's stock worth $427,000 after acquiring an additional 213 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Mid-America Apartment Communities by 35.2% in the third quarter. First Trust Direct Indexing L.P. now owns 2,654 shares of the real estate investment trust's stock worth $422,000 after purchasing an additional 691 shares in the last quarter. Financial Advocates Investment Management lifted its stake in Mid-America Apartment Communities by 4.2% in the third quarter. Financial Advocates Investment Management now owns 2,308 shares of the real estate investment trust's stock valued at $367,000 after buying an additional 93 shares during the period. US Bancorp DE boosted its holdings in shares of Mid-America Apartment Communities by 2.5% during the 3rd quarter. US Bancorp DE now owns 8,683 shares of the real estate investment trust's stock worth $1,380,000 after buying an additional 209 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Mid-America Apartment Communities by 31.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,021 shares of the real estate investment trust's stock worth $162,000 after buying an additional 243 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Mid-America Apartment Communities Stock Performance

MAA stock traded down $4.18 during mid-day trading on Thursday, hitting $165.85. The company had a trading volume of 196,383 shares, compared to its average volume of 659,773. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $19.39 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 3.72 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. The stock's fifty day moving average price is $155.39 and its two-hundred day moving average price is $157.02.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS 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, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $1.515 per share. The ex-dividend date was Wednesday, January 15th. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a yield of 3.65%. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

Wall Street Analysts Forecast Growth

MAA has been the topic of several research analyst reports. Morgan Stanley raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Royal Bank of Canada upped their price target on 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. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of "Moderate Buy" and an average price target of $167.00.

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.