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

Mutual of America Capital Management LLC reduced its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,392 shares of the real estate investment trust’s stock after selling 341 shares during the period. Mutual of America Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $2,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $25,000. EdgeRock Capital LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $26,000. Versant Capital Management Inc boosted its position in shares of Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Mid-America Apartment Communities in the 3rd quarter worth about $37,000. Finally, UMB Bank n.a. raised its holdings in Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 108 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on MAA shares. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price for the company in a report on Monday, October 21st. Wedbush boosted their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. The Goldman Sachs Group assumed coverage on Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 target price for the company. Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $138.00 to $174.00 in a research report on Monday, August 26th. Finally, Royal Bank of Canada decreased their price objective on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $161.64.

Mid-America Apartment Communities Stock Up 1.5 %

MAA opened at $160.94 on Monday. Mid-America Apartment Communities, Inc. has a twelve month low of $121.38 and a twelve month high of $167.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The business has a 50 day moving average price of $156.76 and a 200 day moving average price of $149.14. The firm has a market cap of $18.81 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 2.55 and a beta of 0.88.

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

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $1.47 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.65%. Mid-America Apartment Communities’s payout ratio is presently 132.73%.

Mid-America Apartment Communities 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.