Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Holdings Decreased by MONECO Advisors LLC

MONECO Advisors LLC lessened its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,660 shares of the real estate investment trust’s stock after selling 2,281 shares during the quarter. MONECO Advisors LLC’s holdings in Mid-America Apartment Communities were worth $1,493,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Creative Planning lifted its stake in Mid-America Apartment Communities by 12.2% during the third quarter. Creative Planning now owns 17,760 shares of the real estate investment trust’s stock worth $2,822,000 after purchasing an additional 1,928 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth $215,000. Private Advisor Group LLC raised its holdings in shares of Mid-America Apartment Communities by 8.6% during the third quarter. Private Advisor Group LLC now owns 2,684 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 213 shares during the period. International Assets Investment Management LLC lifted its position in shares of Mid-America Apartment Communities by 355,437.5% in the 3rd quarter. International Assets Investment Management LLC now owns 28,443 shares of the real estate investment trust’s stock worth $4,520,000 after buying an additional 28,435 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in shares of Mid-America Apartment Communities by 3,664.3% in the 3rd quarter. CENTRAL TRUST Co now owns 2,635 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 2,565 shares during the period. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

MAA has been the topic of several research reports. Barclays increased their price objective on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. JMP Securities reiterated 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. Mizuho reduced their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Evercore ISI upped their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company cut their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and an average target price of $167.00.

Mid-America Apartment Communities Stock Performance

MAA opened at $160.65 on Monday. The business has a 50 day moving average price of $153.29 and a two-hundred day moving average price of $156.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 3.72 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a 1-year low of $123.23 and a 1-year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data 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%. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

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

About Mid-America Apartment Communities

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.