Blue Trust Inc. Reduces Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Blue Trust Inc. lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 53.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,869 shares of the real estate investment trust’s stock after selling 2,146 shares during the quarter. Blue Trust Inc.’s holdings in Mid-America Apartment Communities were worth $297,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MAA. Capital Investment Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 7.0% during the third quarter. Capital Investment Advisors LLC now owns 46,030 shares of the real estate investment trust’s stock worth $7,314,000 after purchasing an additional 3,028 shares in the last quarter. West Oak Capital LLC increased its stake in Mid-America Apartment Communities by 29.2% in the third quarter. West Oak Capital LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $380,000 after purchasing an additional 540 shares during the last quarter. Vert Asset Management LLC grew its position in shares of Mid-America Apartment Communities by 0.7% during the third quarter. Vert Asset Management LLC now owns 46,875 shares of the real estate investment trust’s stock worth $7,448,000 after acquiring an additional 348 shares during the last quarter. Stonegate Investment Group LLC grew its position in shares of Mid-America Apartment Communities by 0.7% during the third quarter. Stonegate Investment Group LLC now owns 92,328 shares of the real estate investment trust’s stock worth $14,671,000 after acquiring an additional 613 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of Mid-America Apartment Communities by 6.4% during the third quarter. V Square Quantitative Management LLC now owns 1,444 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.2 %

Shares of Mid-America Apartment Communities stock opened at $156.05 on Friday. The company’s fifty day simple moving average is $158.33 and its 200-day simple moving average is $145.08. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.47 and a beta of 0.88. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.77%. Mid-America Apartment Communities’s payout ratio is presently 123.27%.

Analyst Upgrades and Downgrades

MAA has been the topic of several analyst reports. JMP Securities lifted their target price on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Royal Bank of Canada lifted their target price on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group assumed coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price objective for the company. Finally, BNP Paribas initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $160.75.

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.