Allspring Global Investments Holdings LLC Sells 29,474 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Allspring Global Investments Holdings LLC decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,980 shares of the real estate investment trust’s stock after selling 29,474 shares during the period. Allspring Global Investments Holdings LLC owned 0.20% of Mid-America Apartment Communities worth $36,285,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MAA. State Street Corp lifted its position in shares of Mid-America Apartment Communities by 0.9% in the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after buying an additional 65,696 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mid-America Apartment Communities by 1.6% in the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock worth $497,624,000 after buying an additional 48,168 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Mid-America Apartment Communities by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust’s stock worth $215,402,000 after buying an additional 39,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Mid-America Apartment Communities by 516.4% in the third 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 buying an additional 899,960 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Mid-America Apartment Communities by 0.3% in the third quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust’s stock worth $55,087,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.0 %

Shares of NYSE:MAA opened at $157.05 on Friday. Mid-America Apartment Communities, Inc. has a 52-week low of $123.23 and a 52-week high of $167.39. The stock has a market cap of $18.36 billion, a P/E ratio of 35.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91. The business’s 50 day moving average is $153.27 and its 200 day moving average is $155.70. The company has a quick ratio of 0.09, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data 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%. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.86%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Mizuho decreased their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday. Finally, Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $173.00 to $182.00 in a research report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.45.

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.