Thrivent Financial for Lutherans Has $1.70 Million Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Thrivent Financial for Lutherans lowered its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 12.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,943 shares of the real estate investment trust’s stock after selling 1,574 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mid-America Apartment Communities were worth $1,701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAA. IFP Advisors Inc raised 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 worth $39,000 after purchasing an additional 68 shares in the last quarter. Quarry LP acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $45,000. UMB Bank n.a. boosted its stake in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 75 shares during the period. Catalyst Capital Advisors LLC grew its position in Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 133 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Mid-America Apartment Communities during the 3rd quarter worth $63,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on MAA shares. Jefferies Financial Group upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their target price for the company from $148.00 to $190.00 in a research report on Monday, March 10th. Wells Fargo & Company cut their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Raymond James raised their target price on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Thursday, March 20th. StockNews.com downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Saturday. Finally, BMO Capital Markets decreased their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.90.

Mid-America Apartment Communities Trading Up 0.4 %

MAA opened at $165.93 on Friday. The company’s 50 day moving average price is $159.61 and its two-hundred day moving average price is $157.57. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38. 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 (NYSE:MAA) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 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.