Swedbank AB Has $26.03 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Swedbank AB cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 17.3% during the 4th quarter, Holdings Channel reports. The firm owned 168,387 shares of the real estate investment trust’s stock after selling 35,200 shares during the period. Swedbank AB’s holdings in Mid-America Apartment Communities were worth $26,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Mid-America Apartment Communities during the 3rd quarter worth $25,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth $37,000. Quarry LP acquired a new position in Mid-America Apartment Communities in the third quarter valued at about $45,000. Finally, UMB Bank n.a. lifted its position in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 75 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Mizuho lowered their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Scotiabank reduced their target price on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. KeyCorp raised 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. Finally, Barclays reduced their price objective on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $166.00.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $151.78 on Friday. The business’s fifty day moving average is $154.58 and its 200 day moving average is $154.70. Mid-America Apartment Communities, Inc. has a 12-month low of $121.51 and a 12-month high of $167.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market cap of $17.74 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.37 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business posted $2.29 earnings per share. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.99%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 136.79%.

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.