D.A. Davidson & CO. Cuts Stake in Mid-America Apartment Communities Inc (MAA)

D.A. Davidson & CO. trimmed its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 8.2% during the fourth quarter, HoldingsChannel reports. The firm owned 5,600 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. D.A. Davidson & CO.’s holdings in Mid-America Apartment Communities were worth $536,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MAA. Oppenheimer & Co. Inc. grew its position in shares of Mid-America Apartment Communities by 3.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 41,157 shares of the real estate investment trust’s stock valued at $3,939,000 after purchasing an additional 1,263 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Mid-America Apartment Communities by 15.6% in the fourth quarter. Park Avenue Securities LLC now owns 10,576 shares of the real estate investment trust’s stock valued at $1,028,000 after purchasing an additional 1,431 shares during the last quarter. Royal London Asset Management Ltd. grew its position in shares of Mid-America Apartment Communities by 8.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 49,031 shares of the real estate investment trust’s stock valued at $4,663,000 after purchasing an additional 3,870 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Mid-America Apartment Communities by 2.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,983 shares of the real estate investment trust’s stock valued at $5,740,000 after purchasing an additional 1,679 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Mid-America Apartment Communities by 35.8% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 145,300 shares of the real estate investment trust’s stock valued at $13,905,000 after purchasing an additional 38,283 shares during the last quarter. Institutional investors own 93.40% of the company’s stock.

Shares of MAA stock opened at $103.83 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.12 and a quick ratio of 0.17. The company has a market capitalization of $11.78 billion, a P/E ratio of 17.13, a P/E/G ratio of 3.19 and a beta of 0.50. Mid-America Apartment Communities Inc has a 1 year low of $85.16 and a 1 year high of $104.98.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. The business had revenue of $398.15 million during the quarter, compared to analysts’ expectations of $399.19 million. Mid-America Apartment Communities had a return on equity of 3.41% and a net margin of 14.01%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share. As a group, analysts predict that Mid-America Apartment Communities Inc will post 6.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, January 14th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. This represents a $3.84 annualized dividend and a yield of 3.70%. Mid-America Apartment Communities’s dividend payout ratio is presently 63.58%.

In other Mid-America Apartment Communities news, insider H Eric Bolton, Jr. sold 262 shares of the company’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $97.84, for a total transaction of $25,634.08. Following the completion of the sale, the insider now directly owns 224,347 shares in the company, valued at $21,950,110.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,122 shares of company stock valued at $108,746 over the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Several brokerages recently issued reports on MAA. Citigroup set a $105.00 price target on Mid-America Apartment Communities and gave the company a “hold” rating in a research note on Monday, November 5th. Capital One Financial reiterated an “equal weight” rating on shares of Mid-America Apartment Communities in a research note on Friday, October 19th. ValuEngine upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. KeyCorp set a $108.00 price target on Mid-America Apartment Communities and gave the company a “buy” rating in a research note on Thursday, December 20th. Finally, Barclays reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $103.06.

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About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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