Sanctuary Advisors LLC Grows Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Sanctuary Advisors LLC grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,220 shares of the real estate investment trust’s stock after buying an additional 69 shares during the quarter. Sanctuary Advisors LLC’s holdings in Mid-America Apartment Communities were worth $1,704,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Mid-America Apartment Communities by 516.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock valued at $170,694,000 after buying an additional 899,960 shares in the last quarter. KBC Group NV raised its holdings in Mid-America Apartment Communities by 830.8% during the third quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock valued at $19,987,000 after acquiring an additional 112,271 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Mid-America Apartment Communities by 2,378.4% in the third quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust’s stock valued at $13,401,000 after acquiring an additional 80,936 shares in the last quarter. State Street Corp boosted its stake in shares of Mid-America Apartment Communities by 0.9% in 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 during the period. Finally, Natixis Advisors LLC grew its position in shares of Mid-America Apartment Communities by 194.4% during the third quarter. Natixis Advisors LLC now owns 98,193 shares of the real estate investment trust’s stock worth $15,603,000 after purchasing an additional 64,839 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

MAA has been the topic of a number of research analyst reports. Evercore ISI boosted their price target 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. Barclays raised their target price on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Mizuho decreased 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 note on Monday, January 6th. 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 research report on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Mid-America Apartment Communities Price Performance

MAA stock opened at $162.85 on Tuesday. The stock has a market cap of $19.04 billion, a PE ratio of 36.35, a P/E/G ratio of 3.72 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a 12 month low of $123.23 and a 12 month high of $167.39. The company has a 50-day moving average price of $153.37 and a 200 day moving average price of $156.32. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81.

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 (EPS) for the quarter, beating the consensus estimate 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 anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.72%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

Mid-America Apartment Communities 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.