Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Cwm LLC

Cwm LLC cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,784 shares of the real estate investment trust’s stock after selling 1,810 shares during the period. Cwm LLC owned 0.10% of Mid-America Apartment Communities worth $17,082,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAA. Norges Bank purchased a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth approximately $713,500,000. Massachusetts Financial Services Co. MA grew its position in shares of Mid-America Apartment Communities by 188.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,451,578 shares of the real estate investment trust’s stock valued at $195,179,000 after purchasing an additional 949,171 shares during the period. Balyasny Asset Management L.P. increased its position in Mid-America Apartment Communities by 96.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock worth $164,085,000 after purchasing an additional 600,547 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Mid-America Apartment Communities by 103.1% during the 4th quarter. 1832 Asset Management L.P. now owns 1,030,038 shares of the real estate investment trust’s stock worth $138,499,000 after buying an additional 522,851 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its stake in Mid-America Apartment Communities by 10,178.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 349,575 shares of the real estate investment trust’s stock worth $47,004,000 after acquiring an additional 346,174 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 0.5 %

Shares of Mid-America Apartment Communities stock traded up $0.70 on Wednesday, reaching $150.94. 1,489,499 shares of the company’s stock were exchanged, compared to its average volume of 778,882. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $154.19. The firm’s 50-day moving average is $140.85 and its two-hundred day moving average is $133.93. The company has a market capitalization of $17.63 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 3.27 and a beta of 0.85.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Monday, July 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 123.27%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wedbush upped their target price on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research report on Monday. UBS Group upped their price objective on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. Janney Montgomery Scott raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, June 13th. Wells Fargo & Company increased their target price on shares of Mid-America Apartment Communities from $129.00 to $138.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Finally, Morgan Stanley upped their target price on Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus price target of $145.56.

Mid-America Apartment Communities Company 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.