KBC Group NV Has $8.64 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

KBC Group NV cut its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 55.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,891 shares of the real estate investment trust’s stock after selling 69,894 shares during the period. KBC Group NV’s holdings in Mid-America Apartment Communities were worth $8,639,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Inspire Investing LLC lifted its stake in shares of Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock valued at $1,233,000 after acquiring an additional 68 shares during the period. UMB Bank n.a. lifted its position 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 during the period. Chesley Taft & Associates LLC boosted its stake in shares of Mid-America Apartment Communities by 1.6% in the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock valued at $746,000 after purchasing an additional 75 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Mid-America Apartment Communities by 1.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust’s stock worth $962,000 after buying an additional 82 shares during the period. Finally, First Commonwealth Financial Corp PA raised its stake in shares of Mid-America Apartment Communities by 2.1% during the third quarter. First Commonwealth Financial Corp PA now owns 4,178 shares of the real estate investment trust’s stock worth $664,000 after buying an additional 86 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $148.68 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. The stock’s 50-day moving average is $154.72 and its 200-day moving average is $154.72. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its 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). The firm had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 EPS. Equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued 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 of this dividend is Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 4.08%. Mid-America Apartment Communities’s dividend payout ratio is presently 136.79%.

Wall Street Analyst Weigh In

MAA has been the subject of a number of analyst reports. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Tuesday, December 17th. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a research note on Monday, October 21st. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Friday, January 10th. BMO Capital Markets reduced their target price on 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, Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and an average target price of $166.00.

Mid-America Apartment Communities Company 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.