Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Columbus Macro LLC

Columbus Macro LLC increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 441.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,085 shares of the real estate investment trust’s stock after purchasing an additional 36,755 shares during the period. Columbus Macro LLC’s holdings in Mid-America Apartment Communities were worth $6,969,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Mid-America Apartment Communities in the third quarter worth about $2,890,000. Swedbank AB boosted its stake in Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock valued at $32,350,000 after acquiring an additional 5,178 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Mid-America Apartment Communities by 2.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after purchasing an additional 4,301 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Mid-America Apartment Communities during the third quarter valued at $4,304,000. Finally, Capital Investment Advisors LLC grew its position in Mid-America Apartment Communities by 27.1% in the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock valued at $9,040,000 after buying an additional 12,454 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Up 0.1 %

Shares of NYSE MAA opened at $152.72 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities, Inc. has a 1 year low of $121.51 and a 1 year high of $167.39. The stock has a market capitalization of $17.85 billion, a P/E ratio of 34.47, a P/E/G ratio of 2.46 and a beta of 0.91. The company has a 50-day moving average price of $154.23 and a 200-day moving average price of $155.01.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.97%. Mid-America Apartment Communities’s payout ratio is presently 136.79%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MAA. KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Tuesday, December 17th. StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Barclays reduced their price objective on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Evercore ISI assumed coverage on shares of Mid-America Apartment Communities in a report on Friday, January 24th. They issued an “inline” rating and a $155.00 price objective for the company. Finally, Scotiabank decreased their target price on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $166.00.

Mid-America Apartment Communities Company 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.