Thrivent Financial for Lutherans Trims Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Thrivent Financial for Lutherans reduced its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,943 shares of the real estate investment trust's stock after selling 1,574 shares during the quarter. Thrivent Financial for Lutherans' holdings in Mid-America Apartment Communities were worth $1,701,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Mid-America Apartment Communities by 516.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust's stock valued at $170,694,000 after purchasing an additional 899,960 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $95,671,000. Aew Capital Management L P boosted its holdings in shares of Mid-America Apartment Communities by 516.3% in the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust's stock valued at $97,533,000 after buying an additional 528,608 shares in the last quarter. River Road Asset Management LLC grew its position in shares of Mid-America Apartment Communities by 23.4% in the 4th quarter. River Road Asset Management LLC now owns 441,860 shares of the real estate investment trust's stock valued at $68,298,000 after buying an additional 83,926 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Mid-America Apartment Communities by 2,378.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust's stock worth $13,401,000 after acquiring an additional 80,936 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

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Analyst Ratings Changes

MAA has been the subject of several research analyst reports. Evercore ISI upped their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Royal Bank of Canada upped their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. 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 note on Friday, February 14th. 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 note on Tuesday, December 17th. Finally, BMO Capital Markets decreased their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Moderate Buy" and a consensus target price of $168.90.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA traded down $0.79 during trading on Tuesday, hitting $166.79. 206,448 shares of the company were exchanged, compared to its average volume of 703,047. 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 1 year low of $123.73 and a 1 year high of $173.38. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 3.72 and a beta of 0.90. The firm's fifty day moving average price is $159.95 and its 200 day moving average price is $157.55.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping 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, sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.63%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is 135.27%.

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.