Catalyst Capital Advisors LLC Purchases Shares of 230 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 3rd quarter, Holdings Channel reports. The fund acquired 230 shares of the real estate investment trust’s stock, valued at approximately $37,000.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JMP Securities increased their price objective on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a research report on Monday, October 21st. Scotiabank raised their price target on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. Wells Fargo & Company raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus price target of $161.69.

Mid-America Apartment Communities Stock Down 0.9 %

Shares of MAA opened at $153.59 on Thursday. The firm has a market cap of $17.95 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 12-month low of $118.68 and a 12-month high of $167.39. The company’s 50-day moving average price is $157.72 and its 200 day moving average price is $146.68. 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 (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). The company had revenue of $551.13 million during the quarter, compared to analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 earnings per share. On average, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.83%. Mid-America Apartment Communities’s dividend payout ratio is presently 132.73%.

About Mid-America Apartment Communities

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.