State of Alaska Department of Revenue Cuts Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

State of Alaska Department of Revenue decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,353 shares of the real estate investment trust’s stock after selling 6,078 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Mid-America Apartment Communities worth $10,719,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State Street Corp increased its position in shares of Mid-America Apartment Communities by 0.9% during the 3rd 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. Geode Capital Management LLC increased its position in Mid-America Apartment Communities by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock valued at $497,624,000 after acquiring an additional 48,168 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Mid-America Apartment Communities by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust’s stock valued at $215,402,000 after acquiring an additional 39,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Mid-America Apartment Communities by 516.4% in 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 acquiring an additional 899,960 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Mid-America Apartment Communities by 0.3% in the 3rd quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust’s stock worth $55,087,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

MAA has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Mizuho reduced their price target on 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. Evercore ISI started coverage on Mid-America Apartment Communities in a research note on Friday, January 24th. They set an “inline” rating and a $155.00 price target for the company. Royal Bank of Canada cut their price objective on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, Barclays decreased their target price on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.00.

Mid-America Apartment Communities Trading Up 1.4 %

Shares of NYSE:MAA opened at $159.01 on Friday. The company has a market capitalization of $18.59 billion, a PE ratio of 35.89, a P/E/G ratio of 2.46 and a beta of 0.91. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a 12-month low of $121.51 and a 12-month high of $167.39. The business’s fifty day simple moving average is $153.77 and its 200-day simple moving average is $155.12.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. As a group, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.81%. The ex-dividend date 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 currently 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.