Fielder Capital Group LLC Acquires 2,326 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Fielder Capital Group LLC grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,757 shares of the real estate investment trust’s stock after purchasing an additional 2,326 shares during the period. Mid-America Apartment Communities makes up about 1.5% of Fielder Capital Group LLC’s portfolio, making the stock its 20th biggest position. Fielder Capital Group LLC’s holdings in Mid-America Apartment Communities were worth $4,754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities during the 3rd quarter worth approximately $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 position in shares of Mid-America Apartment Communities during the third quarter worth $37,000. IFP Advisors Inc lifted its stake in shares of Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $45,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 1.6 %

Shares of NYSE:MAA opened at $166.78 on Friday. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $167.73. 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 business’s 50-day moving average is $154.16 and its 200-day moving average is $156.53. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 37.23, a P/E/G ratio of 3.72 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) 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%. Equities research 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 announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $1.515 per share. 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 yield of 3.63%. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MAA shares. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $159.50 to $168.00 in a report on Friday, January 24th. Scotiabank raised shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $173.00 to $182.00 in a report on Friday, February 14th. Finally, Evercore ISI raised their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has an average rating of “Moderate Buy” and an average price target of $167.00.

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.