Park Avenue Securities LLC Buys 768 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Park Avenue Securities LLC grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 36.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,876 shares of the real estate investment trust’s stock after buying an additional 768 shares during the period. Park Avenue Securities LLC’s holdings in Mid-America Apartment Communities were worth $445,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted 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 purchasing an additional 82 shares during the last quarter. First Commonwealth Financial Corp PA raised its holdings in shares of Mid-America Apartment Communities by 2.1% during the third quarter. First Commonwealth Financial Corp PA now owns 4,178 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 86 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Mid-America Apartment Communities by 6.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 87 shares during the period. Financial Advocates Investment Management grew its stake in shares of Mid-America Apartment Communities by 4.2% in the third quarter. Financial Advocates Investment Management now owns 2,308 shares of the real estate investment trust’s stock worth $367,000 after acquiring an additional 93 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Mid-America Apartment Communities by 4.2% in the 3rd quarter. D.A. Davidson & CO. now owns 2,297 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 93 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays started coverage on shares of Mid-America Apartment Communities in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $166.00 price objective on the stock. KeyCorp upgraded 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 report on Tuesday, December 17th. BMO Capital Markets cut their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday. Mizuho cut their price objective on 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. Finally, StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $166.29.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $146.97 on Friday. Mid-America Apartment Communities, Inc. has a twelve month low of $121.51 and a twelve month high of $167.39. 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 business’s 50-day moving average price is $155.33 and its 200 day moving average price is $154.33. The company has a market capitalization of $17.18 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91.

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 analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million for the quarter, compared to analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company posted $2.29 earnings per share. On average, research 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. Stockholders of record on Wednesday, January 15th will be paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is 136.79%.

Mid-America Apartment Communities 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.