Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management decreased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,206 shares of the real estate investment trust’s stock after selling 102 shares during the quarter. Financial Advocates Investment Management’s holdings in Mid-America Apartment Communities were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAA. Park Avenue Securities LLC raised its stake in shares of Mid-America Apartment Communities by 7.0% in the third quarter. Park Avenue Securities LLC now owns 2,108 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 138 shares during the last quarter. Mather Group LLC. increased its holdings in Mid-America Apartment Communities by 82.8% in the 3rd quarter. Mather Group LLC. now owns 437 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 198 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Mid-America Apartment Communities by 475.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,421 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 2,000 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Mid-America Apartment Communities by 386.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,294 shares of the real estate investment trust’s stock valued at $1,159,000 after acquiring an additional 5,794 shares during the period. Finally, Gilman Hill Asset Management LLC boosted its holdings in shares of Mid-America Apartment Communities by 4.9% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $612,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the subject of several recent research reports. StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday. Barclays reduced their price objective on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Mizuho reduced their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Scotiabank lowered their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.80.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $158.04 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.09 and a current ratio of 0.08. The business’s 50 day moving average price is $153.65 and its 200 day moving average price is $155.38. 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. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping the consensus estimate 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%. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current 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 $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.83%. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

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.