Charles Schwab Investment Management Inc. Sells 5,717 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Mid-America Apartment Communities by 0.4%, now owning approximately 1.18% of the company, valued at $231.83 million.
• MAA has seen various changes in institutional holdings, with Capital Fund Management S.A. increasing its holdings by 207.8% in the last quarter.
• Analyst ratings vary, with one "sell," twelve "hold," and eight "buy" ratings, showcasing mixed sentiment on the stock's performance.

Charles Schwab Investment Management Inc. trimmed its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,383,396 shares of the real estate investment trust's stock after selling 5,717 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.18% of Mid-America Apartment Communities worth $231,830,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MAA. Capital World Investors boosted its holdings in Mid-America Apartment Communities by 45.9% during the fourth quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust's stock worth $1,025,868,000 after buying an additional 2,088,143 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Mid-America Apartment Communities by 312.6% in the fourth quarter. Deutsche Bank AG now owns 1,226,026 shares of the real estate investment trust's stock valued at $189,507,000 after purchasing an additional 928,851 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mid-America Apartment Communities by 22,463.1% in the first quarter. GAMMA Investing LLC now owns 581,000 shares of the real estate investment trust's stock valued at $97,364,000 after purchasing an additional 578,425 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Mid-America Apartment Communities by 33.3% in the fourth quarter. Northern Trust Corp now owns 1,863,408 shares of the real estate investment trust's stock valued at $288,027,000 after purchasing an additional 465,414 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 248.0% in the first quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust's stock valued at $69,193,000 after purchasing an additional 294,245 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Sunday. Truist Financial reduced their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. JMP Securities raised their target price on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a research note on Thursday, May 22nd. Finally, Mizuho lowered their target price on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $166.00.

Mid-America Apartment Communities Stock Up 0.1%

NYSE MAA traded up $0.08 during trading hours on Tuesday, reaching $138.56. 910,943 shares of the company's stock were exchanged, compared to its average volume of 874,279. The company's 50-day moving average is $148.31 and its two-hundred day moving average is $155.71. Mid-America Apartment Communities, Inc. has a one year low of $137.32 and a one year high of $173.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 3.71 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $549.90 million during the quarter, compared to analysts' expectations of $552.19 million. During the same period in the prior year, the business earned $2.22 EPS. Mid-America Apartment Communities's revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is presently 124.69%.

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.