SG Americas Securities LLC lessened its holdings in Mid-America Apartment Communities Inc (NYSE:MAA) by 82.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,364 shares of the real estate investment trust’s stock after selling 33,730 shares during the period. SG Americas Securities LLC’s holdings in Mid-America Apartment Communities were worth $844,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Twin Tree Management LP purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at about $32,000. Verus Capital Partners LLC purchased a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at about $44,000. Red Door Wealth Management LLC purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at about $48,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Mid-America Apartment Communities by 27.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 560 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 119 shares in the last quarter. Finally, Ellevest Inc. increased its stake in shares of Mid-America Apartment Communities by 28.7% in the 1st quarter. Ellevest Inc. now owns 758 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.
Several equities research analysts have commented on the company. Citigroup cut their price objective on Mid-America Apartment Communities from $140.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Monday, May 18th. BMO Capital Markets upgraded Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $110.00 to $140.00 in a research note on Monday, June 8th. Finally, SunTrust Banks lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $119.00 price objective for the company. in a research note on Thursday, June 18th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $133.00.
MAA stock opened at $119.19 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.08 and a quick ratio of 0.11. The business has a 50 day simple moving average of $114.89 and a 200-day simple moving average of $120.29. The firm has a market capitalization of $13.63 billion, a PE ratio of 40.54 and a beta of 0.68. Mid-America Apartment Communities Inc has a 1 year low of $82.00 and a 1 year high of $148.88.
Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.87). The company had revenue of $413.03 million during the quarter, compared to analysts’ expectations of $413.40 million. Mid-America Apartment Communities had a net margin of 20.38% and a return on equity of 5.57%. Mid-America Apartment Communities’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. On average, equities research analysts expect that Mid-America Apartment Communities Inc will post 6.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.36%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 61.07%.
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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