Crossmark Global Holdings Inc. Sells 162 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Crossmark Global Holdings Inc. cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,555 shares of the real estate investment trust’s stock after selling 162 shares during the period. Crossmark Global Holdings Inc.’s holdings in Mid-America Apartment Communities were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MAA. EdgeRock Capital LLC acquired a new stake in Mid-America Apartment Communities in the second quarter worth about $26,000. Versant Capital Management Inc grew its position in shares of Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $37,000. UMB Bank n.a. raised its stake in shares of Mid-America Apartment Communities by 82.4% during the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in Mid-America Apartment Communities by 305.1% in the second quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 238 shares during the period. 93.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price 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. UBS Group raised their target price on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. BNP Paribas initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price target for the company. Bank of America raised shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. Finally, Truist Financial upped their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average target price of $161.64.

Mid-America Apartment Communities Trading Down 2.5 %

NYSE:MAA opened at $157.37 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a twelve month low of $120.32 and a twelve month high of $167.39. The company has a market cap of $18.39 billion, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 2.57 and a beta of 0.88. The business has a 50 day moving average price of $157.29 and a two-hundred day moving average price of $147.84.

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

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.74%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 132.73%.

Mid-America Apartment Communities Company 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.