Cetera Investment Advisers Has $10.08 Million Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Cetera Investment Advisers lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 12.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,150 shares of the real estate investment trust's stock after purchasing an additional 6,615 shares during the quarter. Cetera Investment Advisers owned approximately 0.05% of Mid-America Apartment Communities worth $10,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its position in Mid-America Apartment Communities by 4.6% in the fourth quarter. American Century Companies Inc. now owns 39,927 shares of the real estate investment trust's stock valued at $6,172,000 after acquiring an additional 1,760 shares during the period. Allstate Corp bought a new stake in Mid-America Apartment Communities in the fourth quarter valued at $551,000. Schroder Investment Management Group grew its position in Mid-America Apartment Communities by 3.9% in the fourth quarter. Schroder Investment Management Group now owns 16,612 shares of the real estate investment trust's stock valued at $2,542,000 after acquiring an additional 622 shares during the period. O Shaughnessy Asset Management LLC grew its position in Mid-America Apartment Communities by 12.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,315 shares of the real estate investment trust's stock valued at $976,000 after acquiring an additional 675 shares during the period. Finally, Wellington Management Group LLP grew its position in Mid-America Apartment Communities by 106.6% in the fourth quarter. Wellington Management Group LLP now owns 94,153 shares of the real estate investment trust's stock valued at $14,553,000 after acquiring an additional 48,574 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Down 1.7%

Shares of Mid-America Apartment Communities stock traded down $2.47 during trading hours on Friday, hitting $139.96. The company's stock had a trading volume of 1,382,643 shares, compared to its average volume of 872,811. Mid-America Apartment Communities, Inc. has a 12 month low of $138.67 and a 12 month high of $173.38. The stock has a 50 day moving average of $150.30 and a 200 day moving average of $156.10. The company has a market capitalization of $16.38 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 3.65 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.11.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $552.19 million. During the same period in the prior year, the company earned $2.22 earnings per share. The company's revenue for the quarter was up .6% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MAA shares. Truist Financial lowered their price target on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Raymond James Financial lowered Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Robert W. Baird boosted their price objective on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. The Goldman Sachs Group lowered Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective on the stock. in a research note on Friday, July 11th. Finally, UBS Group reduced their price objective on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $168.52.

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.