Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,615 shares of the real estate investment trust's stock after acquiring an additional 1,887 shares during the quarter. National Bank of Canada FI's holdings in Mid-America Apartment Communities were worth $9,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after buying an additional 91 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after buying an additional 112 shares in the last quarter. GoalVest Advisory LLC lifted its position in shares of Mid-America Apartment Communities by 200.0% during the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 160 shares in the last quarter. NBC Securities Inc. acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at $46,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter valued at approximately $60,000. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 0.6%

Shares of MAA stock traded up $0.85 during mid-day trading on Friday, hitting $140.88. 927,467 shares of the company's stock were exchanged, compared to its average volume of 907,478. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 3.74 and a beta of 0.75. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a fifty-two week low of $137.32 and a fifty-two week high of $173.38. The stock has a 50-day simple moving average of $147.87 and a two-hundred day simple moving average of $155.51.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%. The company had revenue of $549.90 million during the quarter, compared to analysts' expectations of $552.19 million. During the same quarter in the previous year, the business earned $2.22 EPS. The firm's revenue was up .6% on a year-over-year basis. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $1.515 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $6.06 annualized dividend and a yield of 4.3%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 124.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MAA shares. JMP Securities increased their price target on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Morgan Stanley reduced their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a research report on Wednesday. Mizuho raised Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their target price for the company from $161.00 to $150.00 in a research report on Thursday. Finally, KeyCorp lowered their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $163.21.

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.