CENTRAL TRUST Co Raises Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

CENTRAL TRUST Co increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 60.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,216 shares of the real estate investment trust’s stock after acquiring an additional 1,581 shares during the quarter. CENTRAL TRUST Co’s holdings in Mid-America Apartment Communities were worth $652,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in Mid-America Apartment Communities during the third quarter valued at approximately $25,000. Activest Wealth Management bought a new position in Mid-America Apartment Communities in the 3rd quarter worth approximately $32,000. Catalyst Capital Advisors LLC bought a new position in Mid-America Apartment Communities in the 3rd quarter worth approximately $37,000. Quarry LP bought a new position in Mid-America Apartment Communities during the 3rd quarter valued at $45,000. Finally, UMB Bank n.a. boosted its stake in Mid-America Apartment Communities by 30.5% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.1 %

Shares of MAA opened at $152.72 on Tuesday. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 2.46 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, Inc. has a 12 month low of $121.51 and a 12 month high of $167.39. The company has a 50-day moving average price of $154.23 and a two-hundred day moving average price of $155.01.

Mid-America Apartment Communities Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MAA shares. Royal Bank of Canada decreased their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, January 10th. Evercore ISI initiated coverage on Mid-America Apartment Communities in a report on Friday, January 24th. They set an “inline” rating and a $155.00 price objective for the company. StockNews.com lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, Barclays lowered their target price on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued 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 stock currently has an average rating of “Hold” and a consensus price target of $166.00.

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.