Skandinaviska Enskilda Banken AB publ Has $2.51 Million Stock Position in Mid-America Apartment Communities Inc (NYSE:MAA)
Skandinaviska Enskilda Banken AB publ cut its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 10.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,382 shares of the real estate investment trust’s stock after selling 2,847 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Mid-America Apartment Communities were worth $2,512,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $8,736,000. TFG Advisers LLC acquired a new stake in Mid-America Apartment Communities during the 4th quarter valued at $37,000. Twin Tree Management LP bought a new position in Mid-America Apartment Communities in the 1st quarter valued at $32,000. Verus Capital Partners LLC bought a new position in Mid-America Apartment Communities in the 4th quarter valued at $44,000. Finally, Capital Bank & Trust Co acquired a new position in Mid-America Apartment Communities in the fourth quarter worth $57,000. 92.21% of the stock is owned by institutional investors.
Several research firms have issued reports on MAA. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Monday, May 18th. BMO Capital Markets raised Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and upped their price target for the company from $110.00 to $140.00 in a research note on Monday, June 8th. Citigroup lowered their price objective on Mid-America Apartment Communities from $140.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Finally, SunTrust Banks downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $119.00 target price on the stock. in a research report on Thursday, June 18th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Mid-America Apartment Communities currently has an average rating of “Buy” and an average target price of $133.00.
MAA opened at $111.52 on Tuesday. The business’s 50-day simple moving average is $115.58 and its 200 day simple moving average is $122.71. Mid-America Apartment Communities Inc has a 52-week low of $82.00 and a 52-week high of $148.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $12.61 billion, a PE ratio of 39.55 and a beta of 0.69.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $1.60 by ($1.05). The company had revenue of $418.10 million during the quarter, compared to analyst estimates of $417.60 million. Mid-America Apartment Communities had a net margin of 19.66% and a return on equity of 5.33%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 EPS. On average, research analysts forecast that Mid-America Apartment Communities Inc will post 6.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, July 14th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 61.07%.
Mid-America Apartment Communities Company Profile
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
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