Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Position in Mid-America Apartment Communities, Inc. $MAA

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 14,934 shares of the real estate investment trust’s stock after selling 1,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mid-America Apartment Communities were worth $2,503,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in MAA. Larson Financial Group LLC increased its stake in shares of Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 91 shares during the period. Financial Network Wealth Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the first quarter valued at approximately $29,000. CoreCap Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 112 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Mid-America Apartment Communities during the first quarter valued at approximately $38,000. Finally, GoalVest Advisory LLC increased its stake in shares of Mid-America Apartment Communities by 200.0% during the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 160 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAA has been the topic of several research analyst reports. Evercore ISI reduced their target price on Mid-America Apartment Communities from $155.00 to $152.00 and set an “in-line” rating on the stock in a research note on Tuesday, August 12th. JMP Securities lifted their price target on Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a “market outperform” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group lowered Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price target on the stock. in a research report on Friday, July 11th. UBS Group dropped their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a research report on Tuesday, July 15th. Finally, Raymond James Financial lowered Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus price target of $163.21.

Mid-America Apartment Communities Trading Up 0.6%

Mid-America Apartment Communities stock opened at $140.88 on Monday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The business’s fifty day simple moving average is $147.69 and its two-hundred day simple moving average is $155.51. Mid-America Apartment Communities, Inc. has a 12 month low of $137.32 and a 12 month high of $173.38. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 3.77 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.01. The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 earnings per share. As a group, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 124.69%.

Mid-America Apartment Communities Company 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.