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

Inceptionr LLC grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,280 shares of the real estate investment trust’s stock after acquiring 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Mid-America Apartment Communities during the third quarter worth approximately $25,000. Activest Wealth Management purchased a new position in Mid-America Apartment Communities during the third quarter worth approximately $32,000. Catalyst Capital Advisors LLC purchased a new position in Mid-America Apartment Communities during the third quarter worth approximately $37,000. IFP Advisors Inc lifted its position in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 68 shares in the last quarter. Finally, Quarry LP purchased a new position in Mid-America Apartment Communities during the third quarter worth approximately $45,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of analyst reports. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Evercore ISI lifted their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Mizuho reduced their price objective 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. BMO Capital Markets reduced 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 research report on Tuesday, January 21st. Finally, Barclays lifted their target price on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Mid-America Apartment Communities Trading Up 1.3 %

MAA opened at $170.34 on Thursday. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 3.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The business has a fifty day moving average price of $155.08 and a 200 day moving average price of $156.93.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping 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%. Sell-side analysts expect 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 business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.56%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. 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.