Tredje AP fonden Sells 9,253 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Tredje AP fonden trimmed its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,253 shares of the real estate investment trust's stock after selling 9,253 shares during the quarter. Tredje AP fonden's holdings in Mid-America Apartment Communities were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC lifted its holdings in shares of Mid-America Apartment Communities by 0.9% during the 4th 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 during the period. IFP Advisors Inc lifted its holdings in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 68 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 0.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock valued at $1,704,000 after buying an additional 69 shares during the period. Chesley Taft & Associates LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.6% during the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock valued at $746,000 after buying an additional 75 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Mid-America Apartment Communities by 30.5% during 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. 93.60% of the stock is owned by institutional investors.

Remove Ads

Mid-America Apartment Communities Trading Down 0.3 %

MAA traded down $0.56 on Wednesday, hitting $161.76. The company had a trading volume of 752,998 shares, compared to its average volume of 665,607. The company has a market cap of $18.91 billion, a PE ratio of 36.11, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $173.38. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The business's fifty day simple moving average is $157.43 and its 200 day simple moving average is $157.46.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released 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%. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.75%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is currently 135.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MAA. Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and increased their price target for the company from $148.00 to $190.00 in a report on Monday, March 10th. JMP Securities reaffirmed a "market outperform" rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Evercore ISI raised their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Finally, StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.43.

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.