Andra AP fonden Sells 6,000 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Andra AP fonden trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.2% in the fourth quarter, HoldingsChannel reports. The firm owned 39,400 shares of the real estate investment trust’s stock after selling 6,000 shares during the quarter. Andra AP fonden’s holdings in Mid-America Apartment Communities were worth $6,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $2,890,000. Metis Global Partners LLC grew its stake in Mid-America Apartment Communities by 9.5% in the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust’s stock valued at $2,670,000 after purchasing an additional 1,499 shares during the period. Swedbank AB increased its position in shares of Mid-America Apartment Communities by 2.6% during the 3rd quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock valued at $32,350,000 after purchasing an additional 5,178 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Mid-America Apartment Communities by 2.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock valued at $28,711,000 after purchasing an additional 4,301 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth $4,304,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MAA shares. Evercore ISI raised their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Mizuho decreased their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.00.

Mid-America Apartment Communities Stock Down 0.3 %

Shares of NYSE:MAA opened at $166.31 on Friday. The firm has a fifty day moving average price of $155.87 and a two-hundred day moving average price of $157.21. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 3.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that Mid-America Apartment Communities, Inc. will post 8.84 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 dividend yield of 3.64%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

Mid-America Apartment Communities Company 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.