AlphaStar Capital Management LLC Has $475,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

AlphaStar Capital Management LLC raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 29.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,071 shares of the real estate investment trust’s stock after purchasing an additional 696 shares during the period. AlphaStar Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Empowered Funds LLC boosted its position in shares of Mid-America Apartment Communities by 11.9% in the 4th quarter. Empowered Funds LLC now owns 2,936 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 312 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in Mid-America Apartment Communities in the fourth quarter valued at about $278,000. Fairvoy Private Wealth LLC bought a new position in Mid-America Apartment Communities during the fourth quarter worth about $404,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Mid-America Apartment Communities by 4.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,680 shares of the real estate investment trust’s stock worth $5,824,000 after buying an additional 1,682 shares during the period. Finally, RNC Capital Management LLC bought a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at about $308,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.5 %

Mid-America Apartment Communities stock opened at $158.04 on Monday. The company has a current ratio of 0.08, a quick ratio of 0.09 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 1-year low of $121.51 and a 1-year high of $167.39. The company has a fifty day simple moving average of $153.65 and a 200 day simple moving average of $155.38. The company has a market cap of $18.47 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.86 earnings per share for the current fiscal 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 was Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.83%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MAA shares. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective on the stock in a research note on Monday, October 21st. Mizuho reduced their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Evercore ISI started coverage on shares of Mid-America Apartment Communities in a research report on Friday, January 24th. They issued an “inline” rating and a $155.00 price objective for the company. BMO Capital Markets reduced their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Finally, KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and a consensus target price of $165.80.

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.