B. Riley Wealth Advisors Inc. Has $225,000 Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

B. Riley Wealth Advisors Inc. decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,672 shares of the real estate investment trust’s stock after selling 90 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Mid-America Apartment Communities were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First United Bank & Trust purchased a new position in Mid-America Apartment Communities in the fourth quarter worth $27,000. First Financial Corp IN increased its stake in Mid-America Apartment Communities by 40.8% in the 4th quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 86 shares during the period. CVA Family Office LLC bought a new stake in Mid-America Apartment Communities during the 4th quarter valued at $40,000. Emfo LLC bought a new stake in Mid-America Apartment Communities during the 4th quarter valued at $40,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Mid-America Apartment Communities by 53.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 132 shares during the period. Institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on MAA shares. Wells Fargo & Company increased their price objective on shares of Mid-America Apartment Communities from $129.00 to $138.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, June 13th. Morgan Stanley lifted their target price on Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 15th. Truist Financial lifted their price objective on Mid-America Apartment Communities from $148.00 to $156.00 and gave the company a “buy” rating in a report on Monday. Finally, Scotiabank lifted their target price on Mid-America Apartment Communities from $139.00 to $144.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus price target of $142.44.

Mid-America Apartment Communities Stock Up 1.0 %

NYSE:MAA opened at $140.54 on Friday. The stock’s fifty day moving average price is $135.10 and its two-hundred day moving average price is $132.04. Mid-America Apartment Communities, Inc. has a 52-week low of $115.56 and a 52-week high of $158.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 3.14 and a beta of 0.84.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($1.01). Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The business had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.44 million. During the same quarter in the previous year, the firm posted $2.28 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $5.88 annualized dividend and a yield of 4.18%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 123.27%.

Insider Activity at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the completion of the sale, the chief executive officer now directly owns 317,737 shares in the company, valued at approximately $40,057,103.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 2,807 shares of company stock worth $353,955. Insiders own 1.30% of the company’s stock.

About Mid-America Apartment Communities

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.