Louisiana State Employees Retirement System Has $974,000 Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Louisiana State Employees Retirement System lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,300 shares of the real estate investment trust’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Mid-America Apartment Communities were worth $974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth $25,000. Activest Wealth Management purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth $37,000. Quarry LP purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth $45,000. Finally, UMB Bank n.a. raised its holdings in shares of Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays cut 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 report on Friday, January 24th. BMO Capital Markets cut their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a report on Tuesday, January 21st. Evercore ISI increased their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Mizuho cut their target price on 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. Finally, Wells Fargo & Company cut their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.45.

Mid-America Apartment Communities Trading Up 0.0 %

Shares of NYSE:MAA opened at $157.05 on Tuesday. Mid-America Apartment Communities, Inc. has a 52-week low of $123.23 and a 52-week high of $167.39. The company has a market cap of $18.36 billion, a P/E ratio of 35.06, a P/E/G ratio of 2.56 and a beta of 0.91. The stock’s 50-day moving average is $153.23 and its 200-day moving average is $155.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.09 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last released 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 return on equity of 8.53% and a net margin of 24.03%. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.86 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $1.515 per share. The ex-dividend date was Wednesday, January 15th. 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 yield of 3.86%. Mid-America Apartment Communities’s dividend payout ratio (DPR) 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.