Kingswood Wealth Advisors LLC Sells 1,717 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Kingswood Wealth Advisors LLC trimmed its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,865 shares of the real estate investment trust’s stock after selling 1,717 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Mid-America Apartment Communities were worth $3,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities in the third quarter valued at about $25,000. Activest Wealth Management acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $32,000. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $37,000. Quarry LP bought a new position in Mid-America Apartment Communities in the third quarter valued at approximately $45,000. Finally, UMB Bank n.a. boosted its holdings in shares of 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 buying an additional 75 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAA. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $159.50 to $168.00 in a research report on Friday. KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a report on Tuesday, December 17th. Scotiabank decreased their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Royal Bank of Canada cut their target price on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus target price of $166.00.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $148.38 on Monday. The firm has a market cap of $17.34 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. The business’s 50 day moving average is $155.13 and its 200-day moving average is $154.60. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a 1-year low of $121.51 and a 1-year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The business had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. During the same quarter last year, the company posted $2.29 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $1.515 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.08%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 136.79%.

Mid-America Apartment Communities Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.