Kingswood Wealth Advisors LLC Has $4 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Kingswood Wealth Advisors LLC lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,865 shares of the real estate investment trust’s stock after selling 1,717 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Mid-America Apartment Communities were worth $3,998,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MAA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Mid-America Apartment Communities by 516.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock valued at $170,694,000 after buying an additional 899,960 shares in the last quarter. KBC Group NV boosted its holdings in shares of Mid-America Apartment Communities by 830.8% during the 3rd quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock valued at $19,987,000 after acquiring an additional 112,271 shares in the last quarter. APG Asset Management N.V. grew its position in Mid-America Apartment Communities by 2,086.4% during the 2nd quarter. APG Asset Management N.V. now owns 89,598 shares of the real estate investment trust’s stock worth $11,922,000 after acquiring an additional 85,500 shares during the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new position in Mid-America Apartment Communities in the 3rd quarter worth about $13,149,000. Finally, Benjamin Edwards Inc. raised its position in Mid-America Apartment Communities by 2,378.4% in the third quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust’s stock valued at $13,401,000 after purchasing an additional 80,936 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MAA. Barclays dropped their price objective on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating for the company in a report on Friday. Mizuho dropped their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $159.50 to $168.00 in a research note on Friday. Evercore ISI initiated coverage on Mid-America Apartment Communities in a research report on Friday. They set an “inline” rating and a $155.00 target price for the company. Finally, KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $166.00.

Mid-America Apartment Communities Stock Up 1.0 %

MAA opened at $148.38 on Monday. The company has a market cap of $17.34 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. The company has a 50 day moving average of $155.13 and a 200 day moving average of $154.60. Mid-America Apartment Communities, Inc. has a 12 month low of $121.51 and a 12 month high of $167.39. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate 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 company had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the prior year, the business earned $2.29 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.89 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.08%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date is Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 136.79%.

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.