Sequoia Financial Advisors LLC Purchases 239 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Sequoia Financial Advisors LLC boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 17.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,591 shares of the real estate investment trust’s stock after buying an additional 239 shares during the period. Sequoia Financial Advisors LLC’s holdings in Mid-America Apartment Communities were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MAA. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities in the third quarter worth about $32,000. IFP Advisors Inc raised its stake in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Quarry LP bought a new position in shares of Mid-America Apartment Communities in the third quarter worth about $45,000. UMB Bank n.a. raised its stake in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 75 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Mid-America Apartment Communities by 57.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 133 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Down 0.3 %

Mid-America Apartment Communities stock opened at $161.76 on Thursday. The stock has a market capitalization of $18.91 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $157.68 and a 200-day moving average of $157.49.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results 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 net margin of 24.03% and a return on equity of 8.53%. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of research analyst reports. Barclays boosted their target price 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. Royal Bank of Canada boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and an average target price of $168.43.

Mid-America Apartment Communities 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.