Nisa Investment Advisors LLC Decreases Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Nisa Investment Advisors LLC cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,966 shares of the real estate investment trust’s stock after selling 3,615 shares during the quarter. Nisa Investment Advisors LLC owned about 0.09% of Mid-America Apartment Communities worth $16,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Mid-America Apartment Communities by 516.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock worth $170,694,000 after acquiring an additional 899,960 shares in the last quarter. Duquesne Family Office LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $91,868,000. Long Pond Capital LP lifted its position in shares of Mid-America Apartment Communities by 550.9% during the second quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust’s stock worth $92,270,000 after purchasing an additional 547,607 shares in the last quarter. KBC Group NV boosted its stake in shares of Mid-America Apartment Communities by 830.8% in the third quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock valued at $19,987,000 after purchasing an additional 112,271 shares during the period. Finally, APG Asset Management N.V. grew its holdings in Mid-America Apartment Communities by 2,086.4% during the 2nd quarter. APG Asset Management N.V. now owns 89,598 shares of the real estate investment trust’s stock valued at $11,922,000 after purchasing an additional 85,500 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 2.2 %

MAA stock opened at $147.15 on Thursday. The stock has a market cap of $17.20 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The firm’s 50-day simple moving average is $155.54 and its 200 day simple moving average is $154.38. Mid-America Apartment Communities, Inc. has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. 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 (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). The firm had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. Mid-America Apartment Communities’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 EPS. As a group, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.89 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date is Wednesday, January 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.12%. Mid-America Apartment Communities’s dividend payout ratio is presently 136.79%.

Analysts Set New Price Targets

MAA has been the subject of a number of analyst reports. StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reduced 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. Barclays assumed coverage on Mid-America Apartment Communities in a report on Tuesday, December 17th. They set an “equal weight” rating and a $166.00 price objective on the stock. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a research report on Tuesday, December 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $166.29.

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.