Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 22.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,721 shares of the real estate investment trust’s stock after selling 1,359 shares during the quarter. Atria Investments Inc’s holdings in Mid-America Apartment Communities were worth $750,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. boosted its position in shares of Mid-America Apartment Communities by 22,730.8% in the 3rd quarter. Assetmark Inc. now owns 5,936 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 5,910 shares during the period. Principal Financial Group Inc. increased its position in shares of Mid-America Apartment Communities by 3.3% in the third quarter. Principal Financial Group Inc. now owns 143,909 shares of the real estate investment trust’s stock worth $22,867,000 after acquiring an additional 4,618 shares in the last quarter. Leeward Investments LLC MA purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth approximately $8,417,000. Harvest Portfolios Group Inc. lifted its position in shares of Mid-America Apartment Communities by 123.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 11,218 shares of the real estate investment trust’s stock valued at $1,783,000 after acquiring an additional 6,198 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its position in shares of Mid-America Apartment Communities by 299.4% in the 3rd quarter. Greenwood Capital Associates LLC now owns 51,134 shares of the real estate investment trust’s stock valued at $8,125,000 after acquiring an additional 38,330 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAA has been the topic of several recent analyst reports. Wedbush boosted their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. JMP Securities lifted their target price on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Scotiabank dropped their target price on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price target on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average target price of $161.64.

Mid-America Apartment Communities Stock Up 0.3 %

MAA opened at $158.52 on Tuesday. The firm has a market cap of $18.53 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 2.54 and a beta of 0.88. 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 $157.23 and a 200 day moving average price of $148.46. Mid-America Apartment Communities, Inc. has a twelve month low of $120.32 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). The firm had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. Mid-America Apartment Communities’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 132.73%.

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.