Federated Investors Inc. PA lowered its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 88.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,975 shares of the real estate investment trust’s stock after selling 38,793 shares during the period. Federated Investors Inc. PA’s holdings in Mid-America Apartment Communities were worth $487,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in Mid-America Apartment Communities during the third quarter worth approximately $153,000. Kemper Corp Master Retirement Trust bought a new stake in Mid-America Apartment Communities during the third quarter valued at about $172,000. First New York Securities LLC NY bought a new stake in Mid-America Apartment Communities during the third quarter valued at about $214,000. Prudential PLC bought a new stake in Mid-America Apartment Communities during the fourth quarter valued at about $229,000. Finally, Advisor Group Inc. boosted its stake in Mid-America Apartment Communities by 10.9% in the third quarter. Advisor Group Inc. now owns 2,618 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.
Shares of Mid-America Apartment Communities Inc (NYSE:MAA) traded down 0.25% during trading on Friday, reaching $101.31. 306,147 shares of the company were exchanged. The stock has a market capitalization of $11.50 billion, a P/E ratio of 37.68 and a beta of 0.29. The stock has a 50-day moving average of $101.20 and a 200 day moving average of $96.02. Mid-America Apartment Communities Inc has a 52-week low of $85.04 and a 52-week high of $110.01.
Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, February 1st. The real estate investment trust reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Mid-America Apartment Communities had a return on equity of 6.14% and a net margin of 18.83%. The firm had revenue of $307.20 million for the quarter, compared to analyst estimates of $302.58 million. During the same period in the prior year, the firm posted $1.45 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts anticipate that Mid-America Apartment Communities Inc will post $2.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.43%. Mid-America Apartment Communities’s payout ratio is 128.41%.
Several analysts recently issued reports on MAA shares. Zacks Investment Research raised shares of Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Thursday, February 2nd. BMO Capital Markets reiterated a “buy” rating and set a $105.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, February 17th. Barclays PLC started coverage on shares of Mid-America Apartment Communities in a research note on Monday, March 27th. They set an “overweight” rating and a $116.00 target price for the company. Finally, Jefferies Group LLC boosted their target price on shares of Mid-America Apartment Communities from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 30th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus price target of $108.00.
In other news, Director David P. Stockert sold 9,033 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $101.00, for a total transaction of $912,333.00. Following the completion of the sale, the director now directly owns 82,528 shares in the company, valued at approximately $8,335,328. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.
Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.
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