Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Holdings Lowered by KBC Group NV

KBC Group NV trimmed its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 55.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,891 shares of the real estate investment trust’s stock after selling 69,894 shares during the period. KBC Group NV’s holdings in Mid-America Apartment Communities were worth $8,639,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MAA. Squarepoint Ops LLC raised its position in shares of Mid-America Apartment Communities by 2.3% during the second quarter. Squarepoint Ops LLC now owns 17,231 shares of the real estate investment trust’s stock worth $2,457,000 after purchasing an additional 386 shares during the period. Creative Planning raised its holdings in Mid-America Apartment Communities by 9.6% during the 2nd quarter. Creative Planning now owns 15,832 shares of the real estate investment trust’s stock worth $2,258,000 after buying an additional 1,383 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Mid-America Apartment Communities by 24.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,936 shares of the real estate investment trust’s stock valued at $2,558,000 after buying an additional 3,533 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Mid-America Apartment Communities by 2.5% in the second quarter. Truist Financial Corp now owns 50,346 shares of the real estate investment trust’s stock worth $7,180,000 after buying an additional 1,216 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Mid-America Apartment Communities by 5.0% in the second quarter. Cetera Investment Advisers now owns 54,005 shares of the real estate investment trust’s stock worth $7,702,000 after acquiring an additional 2,584 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 1.8 %

Mid-America Apartment Communities stock opened at $148.68 on Thursday. Mid-America Apartment Communities, Inc. has a 52 week low of $121.51 and a 52 week high of $167.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $17.38 billion, a PE ratio of 33.56, a PEG ratio of 2.37 and a beta of 0.91. The business’s 50-day simple moving average is $154.72 and its 200-day simple moving average is $154.72.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 earnings per share. Equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $1.515 dividend. The ex-dividend date is Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a yield of 4.08%. Mid-America Apartment Communities’s dividend payout ratio is 136.79%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAA. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price on the stock in a research note on Monday, October 21st. Barclays decreased their price objective on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Mizuho dropped their target price 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. BMO Capital Markets decreased their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a report on Tuesday, January 21st. Finally, Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $166.00.

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.