Rhumbline Advisers Has $36.79 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Rhumbline Advisers lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 238,024 shares of the real estate investment trust's stock after selling 2,164 shares during the quarter. Rhumbline Advisers owned 0.20% of Mid-America Apartment Communities worth $36,791,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MAA. Inspire Investing LLC grew its stake in shares of Mid-America Apartment Communities by 0.9% in the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock valued at $1,233,000 after buying an additional 68 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in Mid-America Apartment Communities by 1.6% in the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock worth $746,000 after acquiring an additional 75 shares during the period. UMB Bank n.a. grew its position in Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 75 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Mid-America Apartment Communities by 1.4% during the third quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust's stock valued at $962,000 after purchasing an additional 82 shares during the period. Finally, First Commonwealth Financial Corp PA raised its stake in shares of Mid-America Apartment Communities by 2.1% during the third quarter. First Commonwealth Financial Corp PA now owns 4,178 shares of the real estate investment trust's stock valued at $664,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MAA. Scotiabank raised shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $173.00 to $182.00 in a report on Friday, February 14th. Barclays raised their target price on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an "equal weight" rating in a research note on Wednesday. Mizuho dropped their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. 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. 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, February 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $167.00.

Mid-America Apartment Communities Stock Up 0.4 %

NYSE:MAA traded up $0.57 during mid-day trading on Friday, reaching $160.65. The stock had a trading volume of 1,041,261 shares, compared to its average volume of 744,225. The stock has a market cap of $18.78 billion, a P/E ratio of 35.86, a PEG ratio of 3.66 and a beta of 0.91. The business's 50 day moving average is $153.22 and its 200 day moving average is $156.08. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates 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%. As a group, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 a positive change 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 3.77%. Mid-America Apartment Communities's payout ratio is 135.27%.

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.