Wesbanco Bank Inc. Has $753,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Wesbanco Bank Inc. cut its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,874 shares of the real estate investment trust’s stock after selling 160 shares during the period. Wesbanco Bank Inc.’s holdings in Mid-America Apartment Communities were worth $753,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Mid-America Apartment Communities by 516.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock worth $170,694,000 after purchasing an additional 899,960 shares in the last quarter. Duquesne Family Office LLC acquired a new position in shares of Mid-America Apartment Communities in the second quarter valued at approximately $91,868,000. Long Pond Capital LP raised its holdings in Mid-America Apartment Communities by 550.9% in the 2nd quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust’s stock valued at $92,270,000 after buying an additional 547,607 shares during the last quarter. KBC Group NV boosted its position in Mid-America Apartment Communities by 830.8% during the 3rd quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock worth $19,987,000 after buying an additional 112,271 shares during the period. Finally, APG Asset Management N.V. grew its holdings in Mid-America Apartment Communities by 2,086.4% during the 2nd quarter. APG Asset Management N.V. now owns 89,598 shares of the real estate investment trust’s stock worth $11,922,000 after acquiring an additional 85,500 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $146.97 on Friday. The firm’s 50-day moving average price is $155.33 and its 200-day moving average price is $154.33. Mid-America Apartment Communities, Inc. has a 52-week low of $121.51 and a 52-week high of $167.39. The company has a market cap of $17.18 billion, a PE ratio of 33.18, a PEG ratio of 2.41 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). The company had revenue of $551.13 million during the quarter, compared to analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.29 EPS. As a group, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.89 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.12%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date is Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 136.79%.

Analyst Upgrades and Downgrades

MAA has been the subject of several analyst reports. Scotiabank lowered their target price on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. JMP Securities restated a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, January 10th. Barclays began coverage on Mid-America Apartment Communities in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $166.00 target price on the stock. BMO Capital Markets dropped their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $166.29.

Mid-America Apartment Communities Profile

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