Gilman Hill Asset Management LLC Has $529,000 Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Gilman Hill Asset Management LLC decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,424 shares of the real estate investment trust’s stock after selling 425 shares during the period. Gilman Hill Asset Management LLC’s holdings in Mid-America Apartment Communities were worth $529,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in Mid-America Apartment Communities by 11.0% during the second quarter. American Century Companies Inc. now owns 37,763 shares of the real estate investment trust’s stock worth $5,385,000 after buying an additional 3,732 shares during the last quarter. Federated Hermes Inc. increased its holdings in Mid-America Apartment Communities by 3,021.7% during the 2nd quarter. Federated Hermes Inc. now owns 718 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 695 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Mid-America Apartment Communities by 4.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 23,276 shares of the real estate investment trust’s stock valued at $3,426,000 after purchasing an additional 1,059 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Mid-America Apartment Communities by 18.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 25,497 shares of the real estate investment trust’s stock worth $3,636,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Mid-America Apartment Communities by 4.6% in the second quarter. Pacer Advisors Inc. now owns 8,274 shares of the real estate investment trust’s stock worth $1,180,000 after purchasing an additional 365 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MAA has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. 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 research report on Tuesday, December 17th. StockNews.com lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Barclays initiated 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 objective for the company. Finally, Scotiabank decreased their price objective on 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $166.92.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $150.44 on Tuesday. The firm has a market cap of $17.58 billion, a PE ratio of 33.96, a P/E/G ratio of 2.37 and a beta of 0.91. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $156.01 and its two-hundred day moving average price is $154.35. 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 issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (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 business had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Wednesday, January 15th. Mid-America Apartment Communities’s payout ratio is currently 136.79%.

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.