Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Norden Group LLC

Norden Group LLC increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,040 shares of the real estate investment trust’s stock after purchasing an additional 230 shares during the period. Norden Group LLC’s holdings in Mid-America Apartment Communities were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAA. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities in the third quarter valued at $25,000. Activest Wealth Management acquired a new position in Mid-America Apartment Communities in the third quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new position in Mid-America Apartment Communities in the third quarter valued at $37,000. IFP Advisors Inc boosted its stake in 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 valued at $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Quarry LP acquired a new position in Mid-America Apartment Communities in the third quarter valued at $45,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 1.6 %

Shares of Mid-America Apartment Communities stock opened at $170.77 on Tuesday. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $172.12. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market cap of $19.96 billion, a PE ratio of 38.12, a price-to-earnings-growth ratio of 3.72 and a beta of 0.91. The company has a 50-day moving average of $154.46 and a two-hundred day moving average of $156.69.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a $1.515 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a yield of 3.55%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 135.27%.

Wall Street Analyst Weigh In

MAA has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Mizuho decreased their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada increased 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. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.00.

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.