Greenwood Capital Associates LLC Acquires 692 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Greenwood Capital Associates LLC raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,826 shares of the real estate investment trust’s stock after buying an additional 692 shares during the quarter. Mid-America Apartment Communities accounts for about 1.0% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 26th largest holding. Greenwood Capital Associates LLC’s holdings in Mid-America Apartment Communities were worth $8,011,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $25,000. Activest Wealth Management purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $32,000. Catalyst Capital Advisors LLC bought a new position in Mid-America Apartment Communities during the 3rd quarter valued at approximately $37,000. Quarry LP purchased a new position in Mid-America Apartment Communities during the third quarter valued at $45,000. Finally, UMB Bank n.a. boosted its holdings in 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 worth $50,000 after acquiring an additional 75 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Price Performance

MAA opened at $151.48 on Tuesday. Mid-America Apartment Communities, Inc. has a 52-week low of $121.51 and a 52-week high of $167.39. The stock has a market cap of $17.70 billion, a P/E ratio of 34.22, a PEG ratio of 2.46 and a beta of 0.91. The business has a fifty day moving average of $154.23 and a 200 day moving average of $155.01. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 136.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Scotiabank lowered their price target on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. BMO Capital Markets decreased their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a report on Tuesday, January 21st. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a report on Friday, January 10th. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective on the stock in a research report on Monday, October 21st. Finally, Evercore ISI initiated coverage on Mid-America Apartment Communities in a report on Friday, January 24th. They issued an “inline” rating and a $155.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.00.

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.