Summit Trail Advisors LLC Takes $329,000 Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Summit Trail Advisors LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,127 shares of the real estate investment trust’s stock, valued at approximately $329,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $25,000. Activest Wealth Management purchased a new stake in Mid-America Apartment Communities during the 3rd quarter valued at approximately $32,000. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $37,000. Quarry LP purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $45,000. Finally, UMB Bank n.a. boosted its holdings in Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 75 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 0.1 %

MAA opened at $155.87 on Thursday. Mid-America Apartment Communities, Inc. has a 12 month low of $121.51 and a 12 month high of $167.39. The business has a 50-day moving average of $153.35 and a two-hundred day moving average of $155.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.86 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $1.515 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a dividend yield of 3.89%. Mid-America Apartment Communities’s payout ratio is currently 135.27%.

Wall Street Analysts Forecast Growth

MAA has been the subject of a number of analyst reports. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Evercore ISI boosted their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday. Scotiabank reduced their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Barclays dropped their price objective on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $166.00.

Mid-America Apartment Communities Company Profile

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.