Sheaff Brock Investment Advisors LLC Sells 90 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Sheaff Brock Investment Advisors LLC decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,208 shares of the real estate investment trust’s stock after selling 90 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Mid-America Apartment Communities were worth $1,304,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MAA. Ashton Thomas Securities LLC acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $25,000. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $26,000. Versant Capital Management Inc lifted its position in shares of Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 215 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth $37,000. Finally, UMB Bank n.a. lifted its position in shares of Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $158.09 on Friday. The firm has a market capitalization of $18.48 billion, a P/E ratio of 35.69, a P/E/G ratio of 2.60 and a beta of 0.88. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock’s 50-day simple moving average is $157.27 and its two-hundred day simple moving average is $148.02. Mid-America Apartment Communities, Inc. has a twelve month low of $120.32 and a twelve month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. Mid-America Apartment Communities’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share. As a group, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is currently 132.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Royal Bank of Canada cut their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. BNP Paribas started coverage on Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price target on the stock. Truist Financial raised their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $161.64.

Mid-America Apartment Communities Company 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.