Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,355 shares of the real estate investment trust’s stock after selling 2,100 shares during the quarter. Corient Private Wealth LLC’s holdings in Mid-America Apartment Communities were worth $2,064,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in Mid-America Apartment Communities by 39.5% in the 3rd quarter. Empowered Funds LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 743 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $164,000. PNC Financial Services Group Inc. raised its position in shares of Mid-America Apartment Communities by 12.7% in the third quarter. PNC Financial Services Group Inc. now owns 14,398 shares of the real estate investment trust’s stock valued at $2,288,000 after buying an additional 1,618 shares during the last quarter. Commerce Bank lifted its stake in shares of Mid-America Apartment Communities by 27.6% during the third quarter. Commerce Bank now owns 8,899 shares of the real estate investment trust’s stock valued at $1,414,000 after buying an additional 1,924 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in Mid-America Apartment Communities during the third quarter worth approximately $4,304,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho cut their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their price target for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. Finally, Wells Fargo & Company reduced their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.90.

Mid-America Apartment Communities Price Performance

MAA stock opened at $163.80 on Tuesday. The stock’s 50 day moving average is $158.48 and its two-hundred day moving average is $157.45. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $173.38. The company has a market capitalization of $19.15 billion, a PE ratio of 36.56, a P/E/G ratio of 3.72 and a beta of 0.90. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.70%. Mid-America Apartment Communities’s payout ratio is 135.27%.

Mid-America Apartment Communities Company 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.