Harvest Fund Management Co. Ltd Has $47,000 Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Harvest Fund Management Co. Ltd trimmed its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 92.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 307 shares of the real estate investment trust’s stock after selling 3,778 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Mid-America Apartment Communities were worth $47,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MAA. IFP Advisors Inc raised its stake in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Quarry LP acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $45,000. UMB Bank n.a. increased its holdings in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 75 shares in the last quarter. Catalyst Capital Advisors LLC raised its position 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Mid-America Apartment Communities during the 3rd quarter worth $63,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Raymond James lifted their target price on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Thursday. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company reduced their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Barclays boosted their price target on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Mizuho cut their price objective 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $168.90.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $161.19 on Monday. The firm has a market cap of $18.84 billion, a P/E ratio of 35.98, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s 50 day moving average price is $158.21 and its two-hundred day moving average price is $157.43.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.76%. Mid-America Apartment Communities’s payout ratio is presently 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.