West Oak Capital LLC Has $2.03 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

West Oak Capital LLC grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 448.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,119 shares of the real estate investment trust’s stock after acquiring an additional 10,729 shares during the quarter. West Oak Capital LLC’s holdings in Mid-America Apartment Communities were worth $2,028,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Mid-America Apartment Communities during the third quarter worth about $25,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $37,000. Quarry LP bought a new stake in Mid-America Apartment Communities in the third quarter valued at $45,000. Finally, EverSource Wealth Advisors LLC grew its position in Mid-America Apartment Communities by 252.3% in the second quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.7 %

Shares of MAA traded down $1.09 on Friday, reaching $148.25. 813,850 shares of the company’s stock were exchanged, compared to its average volume of 634,125. The business has a 50 day moving average price of $156.67 and a two-hundred day moving average price of $153.71. Mid-America Apartment Communities, Inc. has a 12 month low of $121.51 and a 12 month high of $167.39. The stock has a market capitalization of $17.33 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The business had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the previous year, the firm posted $2.29 EPS. The business’s revenue was up 1.7% on a year-over-year basis. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.09%. The ex-dividend date is 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 is presently 136.79%.

Analyst Ratings Changes

Several equities research analysts have recently commented on MAA shares. Mizuho reduced their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research note on Monday. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research report on Monday, October 21st. JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Friday. Scotiabank reduced their target price on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $166.92.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.