Pacer Advisors Inc. Reduces Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Pacer Advisors Inc. decreased its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 38.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the real estate investment trust's stock after selling 3,792 shares during the period. Pacer Advisors Inc.'s holdings in Mid-America Apartment Communities were worth $1,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 91 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of 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 valued at $36,000 after acquiring an additional 112 shares during the last quarter. GoalVest Advisory LLC raised its stake in shares of Mid-America Apartment Communities by 200.0% during the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 160 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at $46,000. Finally, NBC Securities Inc. bought a new position in shares of Mid-America Apartment Communities during the first quarter valued at $46,000. Institutional investors own 93.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Saturday. Raymond James Financial downgraded shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target for the company. in a research note on Friday, July 11th. Finally, UBS Group dropped their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Hold" and a consensus price target of $168.52.

Mid-America Apartment Communities Trading Down 1.7%

Shares of Mid-America Apartment Communities stock traded down $2.47 during trading on Friday, reaching $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 52-week low of $138.67 and a 52-week high of $173.38. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 3.65 and a beta of 0.75. The firm's 50-day moving average is $150.30 and its two-hundred day moving average is $156.10. The company has a quick ratio of 0.11, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $2.14 by $0.01. The business had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $2.22 EPS. On average, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a 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%.

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.