Mid-America Apartment Communities, Inc. (NYSE:MAA) Position Reduced by Arkadios Wealth Advisors

Arkadios Wealth Advisors decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,940 shares of the real estate investment trust’s stock after selling 249 shares during the period. Arkadios Wealth Advisors’ holdings in Mid-America Apartment Communities were worth $626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAA. Massachusetts Financial Services Co. MA increased 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 buying an additional 393,067 shares in the last quarter. Dimensional Fund Advisors LP increased 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 buying an additional 97,672 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Mid-America Apartment Communities by 2.8% in 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 buying an additional 44,621 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Mid-America Apartment Communities by 1.5% in the first quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock valued at $190,086,000 after buying an additional 21,000 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Mid-America Apartment Communities by 7.0% in the second quarter. 1832 Asset Management L.P. now owns 1,140,287 shares of the real estate investment trust’s stock valued at $162,616,000 after buying an additional 74,936 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MAA. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective on the stock in a research report on Monday, October 21st. UBS Group lifted their price objective on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. BNP Paribas began coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 4th. They set a “buy” rating and a $187.00 price objective on the stock. Finally, Wedbush lifted their price objective on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.75.

Mid-America Apartment Communities Trading Down 1.8 %

Shares of NYSE:MAA opened at $150.97 on Wednesday. The stock has a market capitalization of $17.64 billion, a PE ratio of 31.65, a P/E/G ratio of 2.48 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39. The firm has a fifty day moving average price of $158.32 and a 200 day moving average price of $145.69. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is 123.27%.

Mid-America Apartment Communities 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.