Pensionfund DSM Netherlands Has $3.14 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Pensionfund DSM Netherlands trimmed its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 22.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,340 shares of the real estate investment trust’s stock after selling 6,000 shares during the period. Mid-America Apartment Communities accounts for approximately 2.0% of Pensionfund DSM Netherlands’ investment portfolio, making the stock its 15th biggest holding. Pensionfund DSM Netherlands’ holdings in Mid-America Apartment Communities were worth $3,144,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MAA. Ashton Thomas Securities LLC acquired a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $25,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $37,000. Quarry LP bought a new stake in Mid-America Apartment Communities in the third quarter worth $45,000. Finally, EverSource Wealth Advisors LLC increased its position in Mid-America Apartment Communities by 252.3% during the second quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 280 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 analyst reports. Mizuho lowered their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday. StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Barclays began coverage on shares of Mid-America Apartment Communities in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $166.00 price target on the stock. BNP Paribas started coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective for the company. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $166.92.

Mid-America Apartment Communities Stock Down 0.5 %

NYSE MAA traded down $0.78 on Monday, reaching $154.28. The company had a trading volume of 52,627 shares, compared to its average volume of 359,282. The company’s fifty day moving average is $156.92 and its 200-day moving average is $153.66. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 1-year low of $121.51 and a 1-year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the previous year, the business posted $2.29 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.93%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date is Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 136.79%.

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.