Mutual of America Capital Management LLC Sells 391 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Mutual of America Capital Management LLC lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,001 shares of the real estate investment trust’s stock after selling 391 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $2,164,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth $25,000. Activest Wealth Management bought a new stake in Mid-America Apartment Communities in the 3rd quarter worth about $32,000. IFP Advisors Inc increased its stake in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Quarry LP bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $45,000. Finally, UMB Bank n.a. lifted its position in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 75 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.3 %

Shares of MAA opened at $166.31 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities, Inc. has a 1-year low of $123.73 and a 1-year high of $173.38. The company has a market capitalization of $19.44 billion, a P/E ratio of 37.12, a P/E/G ratio of 3.72 and a beta of 0.91. The firm’s 50 day simple moving average is $155.62 and its 200 day simple moving average is $157.09.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) 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%. Sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.64%. 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. Mid-America Apartment Communities’s payout ratio is presently 135.27%.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research analyst reports. 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 report on Tuesday, December 17th. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. JMP Securities reissued a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Royal Bank of Canada upped their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, Evercore ISI lifted their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

About Mid-America Apartment Communities

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.