Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,364 shares of the real estate investment trust’s stock after selling 306 shares during the period. M&T Bank Corp’s holdings in Mid-America Apartment Communities were worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Inspire Investing LLC grew its stake in 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 last quarter. IFP Advisors Inc lifted its holdings in 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 purchasing an additional 68 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Mid-America Apartment Communities by 0.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 69 shares in the last quarter. Chesley Taft & Associates LLC lifted its holdings in 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 valued at $746,000 after purchasing an additional 75 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in 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. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Down 0.3 %

MAA opened at $166.31 on Monday. The firm has a 50 day moving average price of $155.87 and a 200 day moving average price of $157.24. The company has a market cap of $19.44 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data 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 net margin of 24.03% and a return on equity of 8.53%. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $1.515 dividend. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.64%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 135.27%.

Analyst Ratings Changes

MAA has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. JMP Securities restated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $159.50 to $168.00 in a report on Friday, January 24th. BMO Capital Markets reduced their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.