Pathway Financial Advisers LLC Has $579,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Pathway Financial Advisers LLC boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,747 shares of the real estate investment trust’s stock after acquiring an additional 384 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Mid-America Apartment Communities were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MAA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Mid-America Apartment Communities by 516.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock valued at $170,694,000 after purchasing an additional 899,960 shares in the last quarter. KBC Group NV increased its stake in shares of Mid-America Apartment Communities by 830.8% in the third quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock worth $19,987,000 after acquiring an additional 112,271 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Mid-America Apartment Communities by 2,378.4% during the third quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust’s stock worth $13,401,000 after acquiring an additional 80,936 shares in the last quarter. State Street Corp boosted its position in Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after purchasing an additional 65,696 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in Mid-America Apartment Communities by 194.4% in the third quarter. Natixis Advisors LLC now owns 98,193 shares of the real estate investment trust’s stock valued at $15,603,000 after purchasing an additional 64,839 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MAA shares. Scotiabank cut their price target on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. BMO Capital Markets decreased their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Barclays dropped their price target on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada raised their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $166.00.

Mid-America Apartment Communities Trading Down 0.1 %

MAA stock opened at $155.87 on Thursday. The business has a fifty day moving average price of $153.35 and a 200 day moving average price of $155.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09. Mid-America Apartment Communities, Inc. has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 2.56 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results 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%. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is 135.27%.

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.