OVERSEA CHINESE BANKING Corp Ltd Sells 2,001 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

OVERSEA CHINESE BANKING Corp Ltd decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,103 shares of the real estate investment trust’s stock after selling 2,001 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Mid-America Apartment Communities were worth $4,035,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $32,000. IFP Advisors Inc increased its stake in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Quarry LP purchased a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $45,000. UMB Bank n.a. increased its stake 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 buying an additional 75 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.3 %

Shares of NYSE:MAA opened at $161.76 on Thursday. The firm has a fifty day moving average price of $157.68 and a two-hundred day moving average price of $157.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 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%. Analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.75%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is 135.27%.

Wall Street Analysts Forecast Growth

MAA has been the subject of several analyst reports. Truist Financial increased their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, March 10th. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Wells Fargo & Company decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada raised their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, Barclays raised their price target on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.43.

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.