RFG Advisory LLC Sells 77 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

RFG Advisory LLC trimmed its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,419 shares of the real estate investment trust’s stock after selling 77 shares during the period. RFG Advisory LLC’s holdings in Mid-America Apartment Communities were worth $1,765,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MAA. Inspire Investing LLC raised its holdings in Mid-America Apartment Communities by 0.9% during the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock worth $1,233,000 after purchasing an additional 68 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 75 shares during the last quarter. Chesley Taft & Associates LLC lifted its holdings in Mid-America Apartment Communities by 1.6% in the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 75 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Mid-America Apartment Communities by 1.4% in the third quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust’s stock valued at $962,000 after acquiring an additional 82 shares during the last quarter. Finally, First Commonwealth Financial Corp PA grew its holdings in Mid-America Apartment Communities by 2.1% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 4,178 shares of the real estate investment trust’s stock worth $664,000 after acquiring an additional 86 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MAA shares. Wells Fargo & Company reduced their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday. Morgan Stanley upgraded 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 report on Friday. KeyCorp upgraded shares of 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 research report on Tuesday, December 17th. BMO Capital Markets decreased their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a report on Tuesday, January 21st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $166.00.

Mid-America Apartment Communities Stock Up 1.0 %

NYSE:MAA opened at $148.38 on Friday. The firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39. The stock’s 50 day moving average price is $155.13 and its two-hundred day moving average price is $154.50.

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

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is 136.79%.

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.