NEOS Investment Management LLC Has $868,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

NEOS Investment Management LLC grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 28.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,614 shares of the real estate investment trust’s stock after purchasing an additional 1,242 shares during the period. NEOS Investment Management LLC’s holdings in Mid-America Apartment Communities were worth $868,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MAA. IFP Advisors Inc boosted its stake in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 68 shares during the period. Quarry LP purchased a new stake in shares of Mid-America Apartment Communities in the third quarter valued at $45,000. UMB Bank n.a. boosted its position 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 worth $50,000 after buying an additional 75 shares during the period. Catalyst Capital Advisors LLC boosted its position in shares of Mid-America Apartment Communities by 57.8% in 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 period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Mid-America Apartment Communities during the third quarter valued at $63,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. Raymond James increased their price target on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Thursday, March 20th. Royal Bank of Canada boosted 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. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research report on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.90.

Mid-America Apartment Communities Trading Up 0.4 %

NYSE:MAA opened at $165.93 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $159.61 and its 200-day moving average is $157.52. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.65%. Mid-America Apartment Communities’s payout ratio is 135.27%.

Mid-America Apartment Communities Profile

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.