Rhumbline Advisers Sells 2,164 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Rhumbline Advisers reduced its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 238,024 shares of the real estate investment trust’s stock after selling 2,164 shares during the period. Rhumbline Advisers’ holdings in Mid-America Apartment Communities were worth $36,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Mid-America Apartment Communities by 0.9% in the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after purchasing an additional 65,696 shares during the last quarter. Geode Capital Management LLC raised its position in Mid-America Apartment Communities by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock worth $497,624,000 after buying an additional 48,168 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Mid-America Apartment Communities by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust’s stock valued at $215,402,000 after acquiring an additional 39,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Mid-America Apartment Communities by 516.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock valued at $170,694,000 after acquiring an additional 899,960 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Mid-America Apartment Communities by 0.3% in the third quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust’s stock worth $55,087,000 after acquiring an additional 1,100 shares during the period. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Up 0.3 %

Shares of MAA opened at $157.48 on Wednesday. The business’s 50 day moving average is $153.20 and its 200 day moving average is $156.04. The company has a current ratio of 0.08, a quick ratio of 0.09 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 12-month low of $123.23 and a 12-month high of $167.39. The company has a market capitalization of $18.41 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last released 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%. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.86 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Wednesday, January 15th. 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 135.27%.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research analyst reports. Mizuho lowered their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a report on Tuesday, December 17th. Royal Bank of Canada lifted their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. JMP Securities reissued 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. Finally, BMO Capital Markets cut their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. One equities 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.com, Mid-America Apartment Communities currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.45.

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.