Inceptionr LLC Grows Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Inceptionr LLC raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,280 shares of the real estate investment trust’s stock after buying an additional 906 shares during the quarter. Mid-America Apartment Communities comprises 0.5% of Inceptionr LLC’s holdings, making the stock its 19th largest position. Inceptionr LLC’s holdings in Mid-America Apartment Communities were worth $2,053,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Inspire Investing LLC raised its stake in Mid-America Apartment Communities by 0.9% in 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 buying an additional 68 shares during the last quarter. IFP Advisors Inc raised its stake in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after buying an additional 69 shares during the last quarter. Chesley Taft & Associates LLC increased its holdings in shares of Mid-America Apartment Communities by 1.6% in the fourth 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 period. Finally, UMB Bank n.a. increased 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 purchasing an additional 75 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets cut their price objective 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. Wells Fargo & Company cut their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $159.50 to $168.00 in a report on Friday, January 24th. JMP Securities reissued 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. Finally, Barclays increased their price objective on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

Mid-America Apartment Communities Stock Up 1.3 %

Shares of MAA opened at $170.34 on Thursday. 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 12 month low of $123.73 and a 12 month high of $173.38. The stock’s 50 day moving average is $155.08 and its two-hundred day moving average is $156.93. The firm has a market cap of $19.91 billion, a P/E ratio of 38.02, a PEG ratio of 3.72 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating 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%. Analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 3.56%. The ex-dividend date 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 135.27%.

About Mid-America Apartment Communities

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.