Vanguard Group Inc. Sells 29,255 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Vanguard Group Inc. trimmed its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,486,210 shares of the real estate investment trust's stock after selling 29,255 shares during the period. Vanguard Group Inc. owned about 15.82% of Mid-America Apartment Communities worth $2,857,413,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc increased its stake 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 buying an additional 68 shares during the period. Quarry LP acquired a new stake in Mid-America Apartment Communities during the 3rd quarter valued at approximately $45,000. UMB Bank n.a. raised its holdings in 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 worth $50,000 after purchasing an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 133 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth $63,000. 93.60% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts have commented on MAA shares. BMO Capital Markets cut their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a research report on Tuesday, January 21st. Mizuho decreased their target price on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $173.00 to $182.00 in a research note on Friday, February 14th. Barclays raised their price objective on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Finally, 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of "Moderate Buy" and an average price target of $168.90.

Mid-America Apartment Communities Stock Up 0.4 %

NYSE:MAA traded up $0.68 during trading hours on Friday, hitting $165.93. 527,543 shares of the company traded hands, compared to its average volume of 703,854. 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 company has a market cap of $19.40 billion, a PE ratio of 37.04, a PEG ratio of 3.72 and a beta of 0.90. The firm's 50-day simple moving average is $159.61 and its 200-day simple moving average is $157.57. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38.

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 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%. Equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm 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. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.65%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 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.