Harvest Fund Management Co. Ltd Has $47,000 Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Harvest Fund Management Co. Ltd lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 92.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 307 shares of the real estate investment trust’s stock after selling 3,778 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Mid-America Apartment Communities were worth $47,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc grew its stake in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Quarry LP acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $45,000. UMB Bank n.a. grew its stake in shares of Mid-America Apartment Communities by 30.5% in the fourth 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 in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 133 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Mid-America Apartment Communities during the third quarter worth $63,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.9 %

Shares of MAA stock opened at $161.19 on Monday. The stock has a market cap of $18.84 billion, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $158.21 and a 200 day simple moving average of $157.43.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced 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 3.76%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAA. Royal Bank of Canada lifted their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. Wells Fargo & Company cut their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Truist Financial boosted their target price on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Finally, BMO Capital Markets dropped their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.90.

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.