Quantinno Capital Management LP Raises Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Quantinno Capital Management LP lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 34.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,582 shares of the real estate investment trust’s stock after buying an additional 4,794 shares during the quarter. Quantinno Capital Management LP’s holdings in Mid-America Apartment Communities were worth $2,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Johnson Investment Counsel Inc. raised its holdings in shares of Mid-America Apartment Communities by 1.1% in the second quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust’s stock worth $996,000 after buying an additional 77 shares during the period. Telos Capital Management Inc. increased its holdings in Mid-America Apartment Communities by 0.8% during the 2nd quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust’s stock worth $1,437,000 after purchasing an additional 78 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Mid-America Apartment Communities by 1.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust’s stock worth $962,000 after purchasing an additional 82 shares during the period. First Commonwealth Financial Corp PA increased its holdings in Mid-America Apartment Communities by 2.1% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 4,178 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 86 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in Mid-America Apartment Communities by 6.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,444 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 87 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MAA shares. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $138.00 to $174.00 in a report on Monday, August 26th. Raymond James upgraded 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 report on Monday, October 21st. StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Scotiabank cut their price target 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, Deutsche Bank Aktiengesellschaft lifted their price target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $162.68.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $159.21 on Tuesday. The stock has a 50-day moving average of $156.67 and a two-hundred day moving average of $151.12. Mid-America Apartment Communities, Inc. has a one year low of $121.51 and a one year high of $167.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $18.61 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.56 and a beta of 0.90.

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

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.69%. Mid-America Apartment Communities’s dividend payout ratio is currently 132.73%.

Mid-America Apartment Communities Profile

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.