Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,751 shares of the real estate investment trust’s stock after selling 529 shares during the period. Transcend Capital Advisors LLC’s holdings in Mid-America Apartment Communities were worth $1,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Mid-America Apartment Communities by 516.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock valued at $170,694,000 after acquiring an additional 899,960 shares during the last quarter. KBC Group NV lifted its holdings in Mid-America Apartment Communities by 830.8% in the 3rd quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock valued at $19,987,000 after purchasing an additional 112,271 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Mid-America Apartment Communities by 2,378.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust’s stock worth $13,401,000 after purchasing an additional 80,936 shares during the last quarter. State Street Corp grew its holdings in shares of Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after buying an additional 65,696 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in shares of Mid-America Apartment Communities by 194.4% in the third quarter. Natixis Advisors LLC now owns 98,193 shares of the real estate investment trust’s stock valued at $15,603,000 after buying an additional 64,839 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MAA shares. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Mizuho decreased their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $159.50 to $168.00 in a research report on Friday, January 24th. BMO Capital Markets reduced their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Finally, KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Mid-America Apartment Communities Price Performance

MAA opened at $160.65 on Friday. Mid-America Apartment Communities, Inc. has a 52-week low of $123.23 and a 52-week high of $167.39. The company has a 50 day moving average of $153.29 and a two-hundred day moving average of $156.18. The company has a market cap of $18.78 billion, a P/E ratio of 35.86, a P/E/G ratio of 3.66 and a beta of 0.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.