Cibc World Markets Corp Has $8.11 Million Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Cibc World Markets Corp lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,486 shares of the real estate investment trust’s stock after purchasing an additional 5,725 shares during the period. Cibc World Markets Corp’s holdings in Mid-America Apartment Communities were worth $8,113,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $32,000. IFP Advisors Inc lifted its position in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 68 shares during the period. Quarry LP bought a new position in Mid-America Apartment Communities during the third quarter worth $45,000. UMB Bank n.a. grew 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 purchasing an additional 75 shares during the period. Finally, Catalyst Capital Advisors LLC increased its stake in Mid-America Apartment Communities by 57.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA opened at $162.07 on Wednesday. The company has a market capitalization of $18.95 billion, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The company’s 50-day moving average is $157.43 and its 200 day moving average is $157.46. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.74%. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Wall Street Analysts Forecast Growth

MAA has been the subject of several research reports. Royal Bank of Canada raised their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Jefferies Financial Group raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and raised their price objective for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Barclays upped their target price on Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $159.50 to $168.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average target price of $168.43.

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.