Csenge Advisory Group decreased its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,813 shares of the real estate investment trust’s stock after selling 309 shares during the quarter. Csenge Advisory Group’s holdings in Mid-America Apartment Communities were worth $239,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. grew its stake in Mid-America Apartment Communities by 18.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 140,458 shares of the real estate investment trust’s stock worth $15,357,000 after buying an additional 21,688 shares during the last quarter. Pacer Advisors Inc. grew its stake in Mid-America Apartment Communities by 10.9% during the 3rd quarter. Pacer Advisors Inc. now owns 11,933 shares of the real estate investment trust’s stock worth $1,551,000 after buying an additional 1,169 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Mid-America Apartment Communities in the third quarter worth $260,000. SeaCrest Wealth Management LLC bought a new position in shares of Mid-America Apartment Communities in the third quarter worth $443,000. Finally, Wealthfront Advisers LLC grew its stake in shares of Mid-America Apartment Communities by 2.1% in the third quarter. Wealthfront Advisers LLC now owns 11,986 shares of the real estate investment trust’s stock worth $1,558,000 after purchasing an additional 252 shares in the last quarter. 92.84% of the stock is currently owned by institutional investors.
Shares of Mid-America Apartment Communities stock opened at $142.53 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.15 and a debt-to-equity ratio of 0.71. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 46.58, a price-to-earnings-growth ratio of 5.57 and a beta of 0.32. The business has a fifty day simple moving average of $134.70 and a 200-day simple moving average of $131.45. Mid-America Apartment Communities Inc has a fifty-two week low of $101.59 and a fifty-two week high of $143.19.
Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $1.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.33). The firm had revenue of $416.82 million during the quarter, compared to analyst estimates of $417.43 million. Mid-America Apartment Communities had a net margin of 21.50% and a return on equity of 5.28%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. Analysts anticipate that Mid-America Apartment Communities Inc will post 6.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $1.00 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $4.00 annualized dividend and a dividend yield of 2.81%. Mid-America Apartment Communities’s dividend payout ratio is 61.07%.
Several research firms have recently issued reports on MAA. Goldman Sachs Group began coverage on Mid-America Apartment Communities in a research note on Friday, November 8th. They issued a “neutral” rating and a $149.00 price target for the company. Citigroup increased their price target on Mid-America Apartment Communities from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Capital One Financial raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 4th. Royal Bank of Canada reissued a “buy” rating and issued a $135.00 price target on shares of Mid-America Apartment Communities in a research note on Wednesday, December 18th. Finally, Mizuho cut Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $145.00 to $140.00 in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $130.58.
In other news, COO Thomas L. Grimes, Jr. sold 284 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $132.16, for a total value of $37,533.44. Following the completion of the sale, the chief operating officer now owns 67,546 shares in the company, valued at $8,926,879.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Albert M. Campbell III sold 256 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $132.16, for a total value of $33,832.96. Following the completion of the sale, the chief financial officer now owns 58,943 shares of the company’s stock, valued at approximately $7,789,906.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,675 shares of company stock valued at $634,333. Insiders own 1.30% of the company’s stock.
Mid-America Apartment Communities Profile
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
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