HB Wealth Management LLC Boosts Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

HB Wealth Management LLC grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 322.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,328 shares of the real estate investment trust’s stock after purchasing an additional 9,408 shares during the quarter. HB Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $1,906,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Mid-America Apartment Communities by 0.9% during the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after purchasing an additional 65,696 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Mid-America Apartment Communities by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock valued at $497,624,000 after purchasing an additional 48,168 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Mid-America Apartment Communities by 2.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock worth $234,497,000 after acquiring an additional 44,621 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mid-America Apartment Communities by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust’s stock worth $215,402,000 after acquiring an additional 39,123 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in Mid-America Apartment Communities by 7.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,140,287 shares of the real estate investment trust’s stock worth $162,616,000 after acquiring an additional 74,936 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Down 0.1 %

Shares of MAA stock opened at $150.44 on Monday. The company’s 50-day moving average price is $156.20 and its 200-day moving average price is $154.27. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.37 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.20). The firm had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. As a group, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $1.515 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.03%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is presently 132.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Scotiabank cut their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Friday, January 10th. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a report on Monday, October 21st. Mizuho cut their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $166.92.

About Mid-America Apartment Communities

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.