Sabal Trust CO Has $23.45 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Sabal Trust CO cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 151,713 shares of the real estate investment trust’s stock after selling 2,746 shares during the quarter. Sabal Trust CO’s holdings in Mid-America Apartment Communities were worth $23,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities during the 3rd quarter valued at $25,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the third quarter valued at about $37,000. IFP Advisors Inc lifted its stake in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the period. Finally, Quarry LP bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $45,000. 93.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Mizuho lowered their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $173.00 to $182.00 in a research report on Friday, February 14th. Evercore ISI upped their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $164.89 on Wednesday. The business’s fifty day moving average is $153.55 and its two-hundred day moving average is $156.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $19.28 billion, a P/E ratio of 36.80, a P/E/G ratio of 3.72 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a 52 week low of $123.23 and a 52 week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly 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%. Equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders 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. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.68%. Mid-America Apartment Communities’s dividend payout ratio is currently 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.