Transcend Capital Advisors LLC Reduces Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Transcend Capital Advisors LLC reduced its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,751 shares of the real estate investment trust’s stock after selling 529 shares during the period. Transcend Capital Advisors LLC’s holdings in Mid-America Apartment Communities were worth $1,353,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MAA. Inspire Investing LLC grew its position in shares of Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock worth $1,233,000 after buying an additional 68 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Mid-America Apartment Communities by 0.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock worth $1,704,000 after acquiring an additional 69 shares in the last quarter. Chesley Taft & Associates LLC increased its position in shares of Mid-America Apartment Communities by 1.6% in the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Mid-America Apartment Communities by 30.5% in the 4th 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 in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Mid-America Apartment Communities by 1.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust’s stock valued at $962,000 after purchasing an additional 82 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAA has been the subject of several research analyst reports. Mizuho lowered their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. KeyCorp upgraded 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 report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Barclays boosted their target price on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Mid-America Apartment Communities Stock Performance

MAA opened at $160.65 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $153.29 and its 200-day moving average is $156.18. The stock has a market cap of $18.78 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 3.66 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a twelve month low of $123.23 and a twelve month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. On average, analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.77%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is presently 135.27%.

Mid-America Apartment Communities Company 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.