Kiker Wealth Management LLC Acquires Shares of 2,341 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Kiker Wealth Management LLC acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,341 shares of the real estate investment trust’s stock, valued at approximately $362,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Mid-America Apartment Communities by 0.9% in the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after buying an additional 65,696 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Mid-America Apartment Communities by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock worth $497,624,000 after purchasing an additional 48,168 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Mid-America Apartment Communities by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,389,113 shares of the real estate investment trust’s stock worth $214,715,000 after purchasing an additional 33,528 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Mid-America Apartment Communities by 516.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock worth $170,694,000 after purchasing an additional 899,960 shares during the last quarter. Finally, Aew Capital Management L P increased its stake in shares of Mid-America Apartment Communities by 516.3% during the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock worth $97,533,000 after purchasing an additional 528,608 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 0.5 %

Shares of MAA opened at $162.58 on Friday. The firm’s 50-day moving average price is $157.95 and its 200-day moving average price is $157.52. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 3.72 and a beta of 0.90. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. 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 announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share 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%. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 3.73%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is currently 135.27%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MAA. Mizuho decreased 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. Royal Bank of Canada raised their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. BMO Capital Markets decreased their price target on shares of 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. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.90.

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.