Pring Turner Capital Group Inc. Acquires 1,518 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Pring Turner Capital Group Inc. increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,227 shares of the real estate investment trust’s stock after acquiring an additional 1,518 shares during the quarter. Mid-America Apartment Communities makes up about 3.1% of Pring Turner Capital Group Inc.’s holdings, making the stock its 11th largest position. Pring Turner Capital Group Inc.’s holdings in Mid-America Apartment Communities were worth $4,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MAA. State Street Corp increased its position in shares of Mid-America Apartment Communities by 0.9% during the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after purchasing an additional 65,696 shares during the last quarter. Geode Capital Management LLC grew its position in Mid-America Apartment Communities by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock valued at $497,624,000 after buying an additional 48,168 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mid-America Apartment Communities by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust’s stock worth $215,402,000 after buying an additional 39,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Mid-America Apartment Communities by 516.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock worth $170,694,000 after acquiring an additional 899,960 shares during the period. Finally, Swiss National Bank boosted its stake in Mid-America Apartment Communities by 0.3% in the third quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust’s stock valued at $55,087,000 after acquiring an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MAA. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, 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 report on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Mid-America Apartment Communities Stock Up 1.4 %

Shares of NYSE:MAA opened at $162.85 on Tuesday. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 3.72 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a one year low of $123.23 and a one year high of $167.39. The firm has a fifty day moving average price of $153.37 and a two-hundred day moving average price of $156.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last posted 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 return on equity of 8.53% and a net margin of 24.03%. Analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 3.72%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is 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.