AlphaStar Capital Management LLC Has $475,000 Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

AlphaStar Capital Management LLC boosted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 29.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,071 shares of the real estate investment trust’s stock after buying an additional 696 shares during the period. AlphaStar Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $475,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MAA. Ashton Thomas Securities LLC acquired a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $25,000. Activest Wealth Management bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new position in Mid-America Apartment Communities in the 3rd quarter valued at $37,000. Quarry LP bought a new position in Mid-America Apartment Communities during the 3rd quarter worth $45,000. Finally, UMB Bank n.a. lifted its holdings in shares of Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 75 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA opened at $158.04 on Monday. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year high of $167.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.56 and a beta of 0.91. The firm has a 50 day simple moving average of $153.65 and a 200 day simple moving average of $155.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.86 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.83%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays decreased their price target on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Mizuho lowered their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Evercore ISI began coverage on Mid-America Apartment Communities in a research note on Friday, January 24th. They set an “inline” rating and a $155.00 price objective on the stock. Finally, Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price for the company in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.80.

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.