Summit Trail Advisors LLC Acquires Shares of 2,127 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Summit Trail Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,127 shares of the real estate investment trust's stock, valued at approximately $329,000.

Other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC raised its holdings in Mid-America Apartment Communities by 386.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,294 shares of the real estate investment trust's stock worth $1,159,000 after purchasing an additional 5,794 shares during the last quarter. Creative Planning increased its position in shares of Mid-America Apartment Communities by 12.2% in the third quarter. Creative Planning now owns 17,760 shares of the real estate investment trust's stock valued at $2,822,000 after buying an additional 1,928 shares in the last quarter. Swedbank AB raised its stake in shares of Mid-America Apartment Communities by 2.6% during the 3rd quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust's stock worth $32,350,000 after buying an additional 5,178 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its position in shares of Mid-America Apartment Communities by 40.3% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 5,428 shares of the real estate investment trust's stock worth $862,000 after buying an additional 1,558 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $1,255,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 0.0 %

Shares of MAA stock traded up $0.06 on Friday, reaching $157.05. 688,416 shares of the stock were exchanged, compared to its average volume of 713,010. The company has a quick ratio of 0.09, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market cap of $18.36 billion, a P/E ratio of 35.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91. The firm has a 50 day moving average of $153.27 and a two-hundred day moving average of $155.91. Mid-America Apartment Communities, Inc. has a 1-year low of $123.23 and a 1-year 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 EPS for the quarter, topping 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, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.86 EPS 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. Investors of record on Wednesday, January 15th were issued a $1.515 dividend. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.86%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 135.27%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MAA. Mizuho cut their target price on shares of 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. KeyCorp upgraded Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price objective for the company in a research report on Tuesday, December 17th. Evercore ISI increased their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, Raymond James raised Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price objective on the stock in a research note on Monday, October 21st. 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $166.45.

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.