Venturi Wealth Management LLC Has $84,000 Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Venturi Wealth Management LLC grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 108.4% in the 4th quarter, Holdings Channel reports. The fund owned 544 shares of the real estate investment trust’s stock after purchasing an additional 283 shares during the quarter. Venturi Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning boosted its stake in Mid-America Apartment Communities by 12.2% during the third quarter. Creative Planning now owns 17,760 shares of the real estate investment trust’s stock worth $2,822,000 after buying an additional 1,928 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $215,000. Private Advisor Group LLC increased its holdings in shares of Mid-America Apartment Communities by 8.6% during the third quarter. Private Advisor Group LLC now owns 2,684 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 213 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Mid-America Apartment Communities by 355,437.5% during the 3rd quarter. International Assets Investment Management LLC now owns 28,443 shares of the real estate investment trust’s stock valued at $4,520,000 after purchasing an additional 28,435 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Mid-America Apartment Communities by 3,664.3% in the third quarter. CENTRAL TRUST Co now owns 2,635 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 2,565 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MAA. Royal Bank of Canada lifted their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Mizuho decreased their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. 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 report on Tuesday, December 17th. Finally, Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $173.00 to $182.00 in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $167.00.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA opened at $160.65 on Monday. The company’s fifty day moving average price is $153.29 and its 200-day moving average price is $156.25. Mid-America Apartment Communities, Inc. has a one year low of $123.23 and a one year high of $167.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 3.72 and a beta of 0.91.

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

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Wednesday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

About Mid-America Apartment Communities

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.