Wealthfront Advisers LLC Sells 3,724 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Wealthfront Advisers LLC cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 37.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,352 shares of the real estate investment trust's stock after selling 3,724 shares during the period. Wealthfront Advisers LLC's holdings in Mid-America Apartment Communities were worth $982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. River Road Asset Management LLC increased its position in shares of Mid-America Apartment Communities by 23.4% during the fourth 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 period. Independent Advisor Alliance increased its holdings in Mid-America Apartment Communities by 17.6% during the 4th quarter. Independent Advisor Alliance now owns 2,327 shares of the real estate investment trust's stock worth $360,000 after acquiring an additional 349 shares during the period. Johnson Investment Counsel Inc. lifted its stake in Mid-America Apartment Communities by 4.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 7,163 shares of the real estate investment trust's stock worth $1,107,000 after purchasing an additional 307 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Mid-America Apartment Communities by 1.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 55,448 shares of the real estate investment trust's stock valued at $8,571,000 after purchasing an additional 645 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Mid-America Apartment Communities by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,482 shares of the real estate investment trust's stock valued at $22,796,000 after purchasing an additional 27,392 shares in the last quarter. Institutional investors own 93.60% of the company's stock.

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Mid-America Apartment Communities Trading Down 0.3 %

Shares of NYSE MAA traded down $0.56 during mid-day trading on Wednesday, hitting $161.76. The stock had a trading volume of 746,762 shares, compared to its average volume of 665,582. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current 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 business has a 50 day moving average price of $157.43 and a two-hundred day moving average price of $157.46. The firm has a market cap of $18.91 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90.

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 EPS 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, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on MAA shares. Barclays boosted their target price on 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. Scotiabank raised shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $173.00 to $182.00 in a research note on Friday, February 14th. KeyCorp upgraded shares of Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price for the company in a research report on Tuesday, December 17th. BMO Capital Markets dropped their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research report on Tuesday, January 21st. Finally, Evercore ISI lifted their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.43.

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.