Mid-America Apartment Communities, Inc. (NYSE:MAA) Position Lowered by TCW Group Inc.

TCW Group Inc. decreased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 38.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,492 shares of the real estate investment trust’s stock after selling 11,006 shares during the period. TCW Group Inc.’s holdings in Mid-America Apartment Communities were worth $2,704,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MAA. Sequoia Financial Advisors LLC bought a new position in shares of Mid-America Apartment Communities during the third quarter worth about $215,000. Private Advisor Group LLC lifted its holdings in Mid-America Apartment Communities by 8.6% in the third quarter. Private Advisor Group LLC now owns 2,684 shares of the real estate investment trust’s stock worth $427,000 after acquiring an additional 213 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Mid-America Apartment Communities by 355,437.5% in the third quarter. International Assets Investment Management LLC now owns 28,443 shares of the real estate investment trust’s stock worth $4,520,000 after acquiring an additional 28,435 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Mid-America Apartment Communities by 33.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,804 shares of the real estate investment trust’s stock worth $2,178,000 after acquiring an additional 3,424 shares during the last quarter. Finally, Forsta AP Fonden lifted its holdings in Mid-America Apartment Communities by 0.3% in the third quarter. Forsta AP Fonden now owns 29,500 shares of the real estate investment trust’s stock worth $4,688,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

MAA has been the topic of a number of recent research reports. Evercore ISI raised their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Wells Fargo & Company cut their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada raised their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. BMO Capital Markets cut their target price on shares of 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, Barclays raised their price target on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.00.

Mid-America Apartment Communities Price Performance

NYSE MAA opened at $162.85 on Tuesday. Mid-America Apartment Communities, Inc. has a 12 month low of $123.23 and a 12 month high of $167.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $19.04 billion, a PE ratio of 36.35, a P/E/G ratio of 3.72 and a beta of 0.91. The company’s 50 day simple moving average is $153.37 and its 200 day simple moving average is $156.32.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.72%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

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.