Baron Wealth Management LLC Decreases Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Baron Wealth Management LLC trimmed its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,192 shares of the real estate investment trust’s stock after selling 87 shares during the period. Baron Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MAA. Ashton Thomas Securities LLC purchased a new stake in Mid-America Apartment Communities during the 3rd quarter worth $25,000. EdgeRock Capital LLC purchased a new position in Mid-America Apartment Communities in the 2nd quarter valued at about $26,000. Versant Capital Management Inc boosted its position in Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 215 shares during the last quarter. UMB Bank n.a. boosted its position in Mid-America Apartment Communities by 82.4% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $37,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BNP Paribas assumed coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price objective for the company. StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $138.00 to $174.00 in a research note on Monday, August 26th. The Goldman Sachs Group began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 4th. They issued a “buy” rating and a $187.00 target price on the stock. Finally, Scotiabank cut their target price on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and a consensus target price of $161.64.

Mid-America Apartment Communities Trading Up 0.3 %

Mid-America Apartment Communities stock opened at $158.52 on Tuesday. The firm has a 50 day simple moving average of $157.23 and a 200-day simple moving average of $148.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $18.53 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.54 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 12-month low of $120.32 and a 12-month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. As a group, equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is 132.73%.

Mid-America Apartment Communities 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.