Ceredex Value Advisors LLC Sells 368,466 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Ceredex Value Advisors LLC decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 55.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 293,644 shares of the real estate investment trust’s stock after selling 368,466 shares during the period. Ceredex Value Advisors LLC owned 0.25% of Mid-America Apartment Communities worth $46,660,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new position in Mid-America Apartment Communities during the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc boosted its holdings in shares of Mid-America Apartment Communities by 3,071.4% in the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares during the last quarter. UMB Bank n.a. grew its position in Mid-America Apartment Communities by 82.4% during the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 108 shares during the period. Capital Advisors Ltd. LLC raised its position in Mid-America Apartment Communities by 305.1% in the second quarter. Capital Advisors Ltd. LLC now owns 316 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 238 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 252.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 280 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Price Performance

Shares of MAA stock opened at $149.17 on Friday. The stock has a 50 day moving average price of $158.25 and a 200 day moving average price of $145.78. Mid-America Apartment Communities, Inc. has a 52-week low of $118.68 and a 52-week high of $167.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $17.43 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.45 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.20). The business had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.34% and a net margin of 23.84%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 earnings per share. As a group, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 132.73%.

Analyst Ratings Changes

Several analysts have issued reports on the company. BNP Paribas started coverage on Mid-America Apartment Communities in a report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price objective 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 boosted their price target on Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $138.00 to $174.00 in a research note on Monday, August 26th. Finally, JMP Securities upped their target price on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and a consensus target price of $161.69.

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.