HHM Wealth Advisors LLC Grows Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

HHM Wealth Advisors LLC raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,594 shares of the real estate investment trust’s stock after acquiring an additional 395 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Mid-America Apartment Communities were worth $752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delta Investment Management LLC acquired a new stake in Mid-America Apartment Communities during the fourth quarter worth approximately $870,000. Truist Financial Corp grew its position in shares of Mid-America Apartment Communities by 0.7% in the fourth quarter. Truist Financial Corp now owns 45,577 shares of the real estate investment trust’s stock valued at $6,128,000 after purchasing an additional 332 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Mid-America Apartment Communities by 8.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 56,883 shares of the real estate investment trust’s stock valued at $7,648,000 after purchasing an additional 4,628 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Mid-America Apartment Communities by 11.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,106 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 318 shares during the last quarter. Finally, Schnieders Capital Management LLC purchased a new position in Mid-America Apartment Communities during the fourth quarter worth about $778,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the completion of the transaction, the chief executive officer now owns 317,737 shares in the company, valued at approximately $40,057,103.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 2,807 shares of company stock worth $353,955. Company insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Stock Performance

MAA stock traded up $2.03 during trading on Friday, hitting $129.23. 874,720 shares of the company’s stock traded hands, compared to its average volume of 699,173. The stock has a fifty day moving average price of $129.06 and a two-hundred day moving average price of $128.56. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.72. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.90 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.93). The company had revenue of $542.25 million for the quarter, compared to analyst estimates of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 earnings per share. As a group, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.92 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, April 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.55%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.84%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MAA. Deutsche Bank Aktiengesellschaft initiated coverage on Mid-America Apartment Communities in a research report on Tuesday, January 30th. They issued a “hold” rating and a $139.00 target price on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $149.00 target price on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $136.00 price target on shares of Mid-America Apartment Communities in a report on Friday, February 9th. Jefferies Financial Group reiterated a “hold” rating and set a $136.00 price objective (down from $140.00) on shares of Mid-America Apartment Communities in a research note on Tuesday, January 2nd. Finally, Scotiabank raised shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and raised their target price for the company from $133.00 to $147.00 in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average target price of $143.18.

About Mid-America Apartment Communities

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.