Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Position Lowered by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC lessened its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,353 shares of the real estate investment trust’s stock after selling 75 shares during the quarter. Mid-America Apartment Communities comprises approximately 3.2% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 7th largest position. Graham Capital Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $3,455,000 at the end of the most recent quarter.

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

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $152.50 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. 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 market capitalization of $17.82 billion, a PE ratio of 34.42, a P/E/G ratio of 2.46 and a beta of 0.91. The company has a fifty day moving average of $154.41 and a two-hundred day moving average of $154.95.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.97%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 136.79%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MAA. BMO Capital Markets cut 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 research report on Tuesday, January 21st. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a research report on Tuesday, December 17th. Mizuho dropped their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Scotiabank dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $166.00.

Mid-America Apartment Communities Company 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.