Sheaff Brock Investment Advisors LLC Has $1.25 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Sheaff Brock Investment Advisors LLC lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,086 shares of the real estate investment trust’s stock after selling 122 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Mid-America Apartment Communities were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its position in Mid-America Apartment Communities by 0.9% during 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 during the last quarter. Geode Capital Management LLC grew 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 valued at $497,624,000 after purchasing an additional 48,168 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $215,402,000 after purchasing an additional 39,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 valued at $170,694,000 after purchasing an additional 899,960 shares during the last quarter. Finally, Swiss National Bank grew 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 valued at $55,087,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BMO Capital Markets decreased 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 research report on Tuesday, January 21st. Evercore ISI upped their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Mizuho decreased their target price 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. Royal Bank of Canada upped 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 report on Friday, February 7th. Finally, Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $166.45.

Mid-America Apartment Communities Stock Up 0.0 %

Shares of 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 capitalization of $18.36 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.56 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.09 and a current ratio of 0.08. The stock has a fifty day moving average of $153.27 and a 200-day moving average of $155.80.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.86 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $1.515 per share. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a yield of 3.86%. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 135.27%.

Mid-America Apartment Communities 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.