State of Alaska Department of Revenue Sells 6,078 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

State of Alaska Department of Revenue cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,353 shares of the real estate investment trust's stock after selling 6,078 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Mid-America Apartment Communities worth $10,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in Mid-America Apartment Communities in the second quarter worth approximately $1,286,000. Park Avenue Securities LLC lifted its holdings in shares of Mid-America Apartment Communities by 7.0% during the 3rd quarter. Park Avenue Securities LLC now owns 2,108 shares of the real estate investment trust's stock valued at $335,000 after buying an additional 138 shares during the period. Czech National Bank boosted its stake in shares of Mid-America Apartment Communities by 6.9% in the 3rd quarter. Czech National Bank now owns 23,808 shares of the real estate investment trust's stock worth $3,783,000 after buying an additional 1,546 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Mid-America Apartment Communities by 17.4% in the third quarter. GAMMA Investing LLC now owns 1,893 shares of the real estate investment trust's stock worth $301,000 after acquiring an additional 281 shares during the period. Finally, Mather Group LLC. increased its position in Mid-America Apartment Communities by 82.8% during the third quarter. Mather Group LLC. now owns 437 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 198 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MAA shares. StockNews.com upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Thursday. Barclays dropped their price target on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Mizuho lowered their target price on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Finally, Scotiabank cut their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $166.00.

Mid-America Apartment Communities Price Performance

Shares of MAA traded down $1.45 during mid-day trading on Monday, hitting $156.69. 443,078 shares of the stock were exchanged, compared to its average volume of 733,319. The firm has a 50-day moving average of $153.65 and a two-hundred day moving average of $155.38. Mid-America Apartment Communities, Inc. has a 52-week low of $121.51 and a 52-week high of $167.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.09 and a current ratio of 0.08. The company has a market cap of $18.31 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91.

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 EPS for the quarter, beating the consensus estimate 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, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.86 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given 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 dividend on an annualized basis and a yield of 3.87%. Mid-America Apartment Communities's dividend 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.