Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,987 shares of the real estate investment trust’s stock after buying an additional 1,437 shares during the quarter. Cerity Partners LLC’s holdings in Mid-America Apartment Communities were worth $2,512,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC grew its stake in Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 112 shares during the last quarter. GoalVest Advisory LLC raised its stake in shares of Mid-America Apartment Communities by 200.0% during the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 160 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $46,000. NBC Securities Inc. bought a new stake in shares of Mid-America Apartment Communities in the first quarter worth $46,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Mid-America Apartment Communities in the first quarter worth $60,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insider Transactions at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 173 shares of Mid-America Apartment Communities stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the transaction, the executive vice president owned 3,012 shares in the company, valued at $502,552.20. The trade was a 5.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MAA. The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price objective for the company. in a report on Friday, July 11th. Raymond James Financial cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. Robert W. Baird boosted their price target on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Mizuho dropped their price target on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. Finally, Barclays boosted their price target on shares of Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average target price of $168.81.

Mid-America Apartment Communities Stock Up 0.1%

Shares of MAA stock opened at $150.75 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a fifty day moving average price of $152.31 and a 200 day moving average price of $156.22. Mid-America Apartment Communities, Inc. has a one year low of $138.89 and a one year high of $173.38. The stock has a market cap of $17.65 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 3.86 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The company had revenue of $549.30 million during the quarter, compared to analyst estimates of $551.21 million. Mid-America Apartment Communities had a return on equity of 9.19% and a net margin of 25.70%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.22 earnings per share. Analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 126.25%.

Mid-America Apartment Communities 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.