First National Bank of Hutchinson Boosts Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

First National Bank of Hutchinson grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,633 shares of the real estate investment trust’s stock after purchasing an additional 162 shares during the period. First National Bank of Hutchinson’s holdings in Mid-America Apartment Communities were worth $871,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Activest Wealth Management acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth $32,000. IFP Advisors Inc raised its stake in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Quarry LP acquired a new stake in Mid-America Apartment Communities in the third quarter worth about $45,000. UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 75 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in shares of Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 133 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAA has been the topic of several research analyst reports. Evercore ISI boosted 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 research report on Monday, February 10th. Truist Financial boosted their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a report on Monday, March 10th. Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. BMO Capital Markets reduced their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.43.

Mid-America Apartment Communities Stock Down 0.3 %

Shares of NYSE MAA opened at $161.76 on Thursday. The company has a market capitalization of $18.91 billion, a P/E ratio of 36.11, a P/E/G ratio of 3.72 and a beta of 0.90. 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 company has a 50 day simple moving average of $157.68 and a 200-day simple moving average of $157.49. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. On average, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

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.