HighPoint Advisor Group LLC Sells 139 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

HighPoint Advisor Group LLC decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,460 shares of the real estate investment trust’s stock after selling 139 shares during the period. HighPoint Advisor Group LLC’s holdings in Mid-America Apartment Communities were worth $384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Quarry LP bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $45,000. UMB Bank n.a. lifted its holdings in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 133 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth about $63,000. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Up 0.4 %

Shares of MAA opened at $168.08 on Thursday. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a 50 day simple moving average of $160.71 and a two-hundred day simple moving average of $157.63. The firm has a market cap of $19.65 billion, a P/E ratio of 37.52, a P/E/G ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.61%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 135.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MAA. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their price target for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Raymond James increased their target price on Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Thursday, March 20th. Evercore ISI lifted their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. JMP Securities reissued a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Finally, KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $168.90.

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.