Mid-America Apartment Communities, Inc. (NYSE:MAA) Stake Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 106,966 shares of the real estate investment trust’s stock after selling 3,615 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mid-America Apartment Communities were worth $16,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MAA. Chesley Taft & Associates LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.6% in the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 75 shares during the period. Perpetual Ltd grew its holdings in Mid-America Apartment Communities by 8.0% during the fourth quarter. Perpetual Ltd now owns 127,506 shares of the real estate investment trust’s stock worth $19,709,000 after acquiring an additional 9,471 shares during the period. Aurora Investment Managers LLC. raised its position in Mid-America Apartment Communities by 5.5% in the fourth quarter. Aurora Investment Managers LLC. now owns 26,010 shares of the real estate investment trust’s stock worth $4,020,000 after acquiring an additional 1,366 shares in the last quarter. UMB Bank n.a. lifted its holdings 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 valued at $50,000 after acquiring an additional 75 shares during the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of Mid-America Apartment Communities by 322.2% during the 4th quarter. HB Wealth Management LLC now owns 12,328 shares of the real estate investment trust’s stock valued at $1,906,000 after purchasing an additional 9,408 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Down 2.2 %

MAA opened at $147.15 on Thursday. The firm has a market cap of $17.20 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The business has a 50 day moving average price of $155.54 and a 200 day moving average price of $154.38. Mid-America Apartment Communities, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.89 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $1.515 dividend. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 136.79%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAA. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Tuesday, December 17th. Mizuho cut their target price on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets decreased their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a research note on Monday, October 21st. Finally, StockNews.com lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $166.29.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.