Farmers Trust Co. Sells 379 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Farmers Trust Co. decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,025 shares of the real estate investment trust’s stock after selling 379 shares during the quarter. Mid-America Apartment Communities accounts for approximately 1.2% of Farmers Trust Co.’s investment portfolio, making the stock its 25th biggest holding. Farmers Trust Co.’s holdings in Mid-America Apartment Communities were worth $6,187,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MAA. State Street Corp boosted its holdings in Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after purchasing an additional 65,696 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mid-America Apartment Communities by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock worth $497,624,000 after buying an additional 48,168 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Mid-America Apartment Communities by 17.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after acquiring an additional 393,067 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mid-America Apartment Communities by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock valued at $244,803,000 after acquiring an additional 97,672 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Mid-America Apartment Communities by 2.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock valued at $234,497,000 after acquiring an additional 44,621 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of MAA traded up $0.08 during trading hours on Wednesday, reaching $148.34. 357,613 shares of the company’s stock traded hands, compared to its average volume of 533,075. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a 12 month low of $121.51 and a 12 month high of $167.39. The stock has a market cap of $17.34 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91. The firm’s 50 day simple moving average is $156.78 and its 200-day simple moving average is $153.78.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The firm had revenue of $551.13 million during 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%. Mid-America Apartment Communities’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 earnings per share. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $1.515 per share. 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 dividend yield of 4.09%. The ex-dividend date is Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 136.79%.

Analyst Ratings Changes

A number of research analysts have issued reports on MAA shares. KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft upped their price target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Scotiabank decreased their price objective on 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. StockNews.com lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, Barclays initiated 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 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $166.92.

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.