Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,332 shares of the real estate investment trust’s stock after selling 353 shares during the quarter. Mackenzie Financial Corp’s holdings in Mid-America Apartment Communities were worth $2,614,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of Mid-America Apartment Communities by 323.8% in the 4th quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock valued at $5,430,000 after acquiring an additional 30,855 shares during the last quarter. Perpetual Ltd acquired a new stake in Mid-America Apartment Communities during the first quarter worth approximately $15,413,000. Miller Howard Investments Inc. NY boosted its holdings in shares of Mid-America Apartment Communities by 9.9% in the 1st quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock valued at $25,984,000 after buying an additional 17,765 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Mid-America Apartment Communities by 159.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock valued at $3,531,000 after buying an additional 16,144 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Mid-America Apartment Communities by 172.5% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 16,154 shares of the real estate investment trust’s stock valued at $2,126,000 after buying an additional 10,227 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BNP Paribas started coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price objective for the company. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $138.00 to $174.00 in a research note on Monday, August 26th. The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price objective for the company. JMP Securities lifted their target price on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $159.91.

Mid-America Apartment Communities Trading Down 0.5 %

NYSE:MAA opened at $156.97 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.63 and a beta of 0.88. The stock has a fifty day moving average price of $156.20 and a two-hundred day moving average price of $142.38.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $1.47 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.75%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

Mid-America Apartment Communities Profile

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.