Miller Howard Investments Inc. NY Has $528,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Miller Howard Investments Inc. NY cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 98.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,417 shares of the real estate investment trust’s stock after selling 193,893 shares during the period. Miller Howard Investments Inc. NY’s holdings in Mid-America Apartment Communities were worth $528,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $25,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $32,000. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the third quarter worth approximately $37,000. Quarry LP bought a new position in Mid-America Apartment Communities during the 3rd quarter worth $45,000. Finally, UMB Bank n.a. raised its holdings in Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 75 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MAA shares. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Mizuho dropped their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays reduced their price target on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $165.80.

Mid-America Apartment Communities Stock Down 0.5 %

Shares of NYSE MAA opened at $158.04 on Monday. The company has a 50 day simple moving average of $153.65 and a 200 day simple moving average of $155.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09. Mid-America Apartment Communities, Inc. has a 1 year low of $121.51 and a 1 year high of $167.39. The firm has a market cap of $18.47 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $1.515 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a yield of 3.83%. Mid-America Apartment Communities’s payout ratio is presently 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.