Triasima Portfolio Management inc. Purchases Shares of 1,800 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Triasima Portfolio Management inc. acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,800 shares of the real estate investment trust’s stock, valued at approximately $278,000.

Several other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $25,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth $32,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at $37,000. Quarry LP bought a new position in shares of Mid-America Apartment Communities in the third quarter valued at about $45,000. Finally, UMB Bank n.a. lifted its position in Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.5 %

MAA opened at $158.04 on Friday. Mid-America Apartment Communities, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39. The firm has a market cap of $18.47 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 2.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s fifty day moving average is $153.77 and its two-hundred day moving average is $155.12.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. Equities research analysts anticipate 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 disclosed 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 was Wednesday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a dividend yield of 3.83%. Mid-America Apartment Communities’s payout ratio is currently 136.79%.

Wall Street Analysts Forecast Growth

MAA has been the subject of several research reports. JMP Securities restated a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, January 10th. BMO Capital Markets lowered their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a report 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 research report on Monday, October 21st. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Company dropped their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.80.

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.