Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Holdings Lessened by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership cut its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 19.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,116 shares of the real estate investment trust’s stock after selling 2,835 shares during the quarter. Mid-America Apartment Communities accounts for 1.1% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 15th largest holding. Foresight Group Ltd Liability Partnership’s holdings in Mid-America Apartment Communities were worth $1,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MAA. Capital Advisors Wealth Management LLC raised its holdings in shares of Mid-America Apartment Communities by 21.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 6,577 shares of the real estate investment trust’s stock valued at $1,017,000 after acquiring an additional 1,149 shares during the period. Park Avenue Securities LLC grew its position in Mid-America Apartment Communities by 36.4% during the 4th quarter. Park Avenue Securities LLC now owns 2,876 shares of the real estate investment trust’s stock worth $445,000 after purchasing an additional 768 shares in the last quarter. Capital Investment Advisors LLC grew its position in Mid-America Apartment Communities by 27.1% during the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after purchasing an additional 12,454 shares in the last quarter. Czech National Bank raised its stake in Mid-America Apartment Communities by 6.4% during the 4th quarter. Czech National Bank now owns 25,342 shares of the real estate investment trust’s stock valued at $3,917,000 after purchasing an additional 1,534 shares during the period. Finally, West Oak Capital LLC lifted its holdings in shares of Mid-America Apartment Communities by 448.9% in the fourth quarter. West Oak Capital LLC now owns 13,119 shares of the real estate investment trust’s stock valued at $2,028,000 after purchasing an additional 10,729 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAA. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research report on Monday, October 21st. Mizuho dropped their target price 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. Barclays started 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 for the company. Scotiabank lowered their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, StockNews.com downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $166.92.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $150.55 on Friday. The business’s 50-day simple moving average is $156.37 and its 200-day simple moving average is $154.01. 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 52 week low of $121.51 and a 52 week high of $167.39. The firm has a market cap of $17.60 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 2.37 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly 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 net margin of 23.84% and a return on equity of 8.38%. The company had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same quarter last year, the business earned $2.29 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $1.515 per share. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.03%. Mid-America Apartment Communities’s payout ratio is currently 132.73%.

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.