RKL Wealth Management LLC Has $884,000 Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

RKL Wealth Management LLC cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,722 shares of the real estate investment trust’s stock after selling 889 shares during the period. RKL Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Inceptionr LLC raised its holdings in shares of Mid-America Apartment Communities by 7.3% in the fourth quarter. Inceptionr LLC now owns 13,280 shares of the real estate investment trust’s stock valued at $2,053,000 after purchasing an additional 906 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Mid-America Apartment Communities during the fourth quarter worth $95,671,000. Arizona State Retirement System increased its holdings in Mid-America Apartment Communities by 1.4% during the fourth quarter. Arizona State Retirement System now owns 33,946 shares of the real estate investment trust’s stock worth $5,247,000 after buying an additional 475 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Mid-America Apartment Communities during the fourth quarter worth $10,035,000. Finally, Assetmark Inc. increased its holdings in Mid-America Apartment Communities by 4.2% during the fourth quarter. Assetmark Inc. now owns 6,184 shares of the real estate investment trust’s stock worth $956,000 after buying an additional 248 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MAA shares. Mizuho lowered their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Barclays boosted their target price on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Wells Fargo & Company lowered their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. BMO Capital Markets reduced their price objective on shares of 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. Finally, KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Mid-America Apartment Communities Trading Down 0.3 %

Shares of Mid-America Apartment Communities stock opened at $166.31 on Friday. The firm has a 50-day moving average of $155.62 and a 200-day moving average of $157.09. The stock has a market cap of $19.44 billion, a PE ratio of 37.12, a PEG ratio of 3.72 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS 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, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is 135.27%.

Mid-America Apartment Communities 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.