Hahn Capital Management LLC Trims Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Hahn Capital Management LLC reduced its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 33.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,968 shares of the real estate investment trust’s stock after selling 18,810 shares during the period. Mid-America Apartment Communities comprises approximately 3.8% of Hahn Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Hahn Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $5,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DecisionPoint Financial LLC purchased a new stake in Mid-America Apartment Communities during the first quarter worth about $26,000. EdgeRock Capital LLC purchased a new stake in Mid-America Apartment Communities during the second quarter worth about $26,000. Versant Capital Management Inc increased its stake in Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 215 shares during the period. UMB Bank n.a. increased its stake in Mid-America Apartment Communities by 82.4% during the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 108 shares during the period. Finally, Capital Advisors Ltd. LLC increased its stake in Mid-America Apartment Communities by 305.1% during the second quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 238 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on MAA shares. Wedbush boosted their price target on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $144.00 to $189.00 in a research report on Monday, August 12th. BNP Paribas began coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective for the company. Finally, UBS Group boosted their price objective on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.75.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $156.05 on Friday. The stock has a 50 day moving average price of $158.33 and a 200 day moving average price of $145.08. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $18.23 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 52-week low of $115.56 and a 52-week high of $167.39.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is currently 123.27%.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.