Stifel Financial Corp Has $16.07 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Stifel Financial Corp lessened its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,942 shares of the real estate investment trust's stock after selling 4,092 shares during the quarter. Stifel Financial Corp owned about 0.09% of Mid-America Apartment Communities worth $16,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Headlands Technologies LLC bought a new position in Mid-America Apartment Communities in the 4th quarter valued at $46,000. UMB Bank n.a. increased its stake in shares of Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 75 shares during the period. Catalyst Capital Advisors LLC raised its position in shares of Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 133 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Mid-America Apartment Communities during the third quarter valued at $63,000. 93.60% of the stock is owned by institutional investors.

Insider Activity at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 4,358 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the transaction, the chief executive officer now directly owns 324,171 shares in the company, valued at $53,890,187.04. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 7,140 shares of company stock valued at $1,142,842. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Mizuho lowered their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. StockNews.com raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Wednesday. Raymond James raised their price objective on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Thursday, March 20th. JMP Securities reiterated 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. Finally, Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $168.76.

Mid-America Apartment Communities Stock Performance

MAA opened at $159.34 on Friday. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 3.72 and a beta of 0.79. The business's 50-day moving average price is $161.38 and its two-hundred day moving average price is $157.20. Mid-America Apartment Communities, Inc. has a 1 year low of $126.77 and a 1 year high of $173.38. 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 (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.80%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is 135.27%.

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.

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