Alliance Wealth Advisors LLC UT Grows Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Alliance Wealth Advisors LLC UT boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,531 shares of the real estate investment trust’s stock after acquiring an additional 562 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Mid-America Apartment Communities were worth $3,483,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MAA. Inspire Investing LLC raised its stake in shares of Mid-America Apartment Communities by 0.9% in the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock valued at $1,233,000 after acquiring an additional 68 shares during the period. Chesley Taft & Associates LLC raised its position in Mid-America Apartment Communities by 1.6% in the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock valued at $746,000 after purchasing an additional 75 shares during the period. UMB Bank n.a. raised its position in Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 75 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Mid-America Apartment Communities by 1.4% during the third quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust’s stock worth $962,000 after purchasing an additional 82 shares in the last quarter. Finally, First Commonwealth Financial Corp PA boosted its position in shares of Mid-America Apartment Communities by 2.1% during the third quarter. First Commonwealth Financial Corp PA now owns 4,178 shares of the real estate investment trust’s stock worth $664,000 after buying an additional 86 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MAA. Barclays decreased their target price on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets lowered their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a report on Monday, October 21st. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and a consensus price target of $166.00.

Mid-America Apartment Communities Stock Up 0.1 %

Shares of NYSE:MAA opened at $152.72 on Tuesday. The firm has a 50 day simple moving average of $154.23 and a 200-day simple moving average of $155.01. Mid-America Apartment Communities, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39. 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 company has a market capitalization of $17.85 billion, a PE ratio of 34.47, a P/E/G ratio of 2.46 and a beta of 0.91.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a $1.515 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a yield of 3.97%. Mid-America Apartment Communities’s payout ratio is 136.79%.

Mid-America Apartment Communities 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.