Nordea Investment Management AB Sells 156 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Nordea Investment Management AB lowered its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,288 shares of the real estate investment trust’s stock after selling 156 shares during the quarter. Nordea Investment Management AB’s holdings in Mid-America Apartment Communities were worth $1,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp increased its position in shares of Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after acquiring an additional 65,696 shares in the last quarter. Geode Capital Management LLC lifted its position in Mid-America Apartment Communities by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock valued at $497,624,000 after acquiring an additional 48,168 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mid-America Apartment Communities by 17.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after acquiring an additional 393,067 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mid-America Apartment Communities by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock valued at $244,803,000 after acquiring an additional 97,672 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in Mid-America Apartment Communities by 2.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock valued at $234,497,000 after acquiring an additional 44,621 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Tuesday, December 17th. Scotiabank dropped their price target on shares of 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. StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Friday. Finally, Mizuho dropped their price target on shares of 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $166.92.

Mid-America Apartment Communities Stock Down 0.7 %

Shares of NYSE:MAA opened at $148.25 on Monday. The firm has a fifty day moving average price of $156.65 and a two-hundred day moving average price of $153.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year high of $167.39. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.53 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. During the same period in the previous year, the business earned $2.29 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Wednesday, January 15th. Mid-America Apartment Communities’s payout ratio is currently 136.79%.

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.