Mid-America Apartment Communities, Inc. (NYSE:MAA) Holdings Raised by Focus Partners Wealth

Focus Partners Wealth lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 76.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,040 shares of the real estate investment trust's stock after purchasing an additional 8,673 shares during the quarter. Focus Partners Wealth's holdings in Mid-America Apartment Communities were worth $3,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC grew 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 acquiring an additional 112 shares during the period. IFP Advisors Inc increased its stake in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Headlands Technologies LLC purchased a new position in Mid-America Apartment Communities in the 4th quarter worth about $46,000. UMB Bank n.a. increased its stake in Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 75 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 133 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MAA. Evercore ISI lifted their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. JMP Securities reissued a "market outperform" rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Royal Bank of Canada lifted their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Barclays lifted their price target on Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of "Hold" and a consensus target price of $169.09.

Mid-America Apartment Communities Trading Up 1.6%

NYSE MAA opened at $160.93 on Friday. Mid-America Apartment Communities, Inc. has a 12 month low of $126.77 and a 12 month high of $173.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The business's 50-day moving average price is $160.50 and its two-hundred day moving average price is $157.99. The firm has a market capitalization of $18.84 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 3.72 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. The company had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.22 EPS. On average, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Insider Activity

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the sale, the chief executive officer now owns 324,171 shares of the company's stock, valued at $53,890,187.04. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Amber Fairbanks sold 173 shares of Mid-America Apartment Communities stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total value of $28,865.05. Following the sale, the executive vice president now directly owns 3,012 shares of the company's stock, valued at approximately $502,552.20. This trade represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,313 shares of company stock worth $1,171,707. 1.20% of the stock is owned by corporate insiders.

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.

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