River Road Asset Management LLC Boosts Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

River Road Asset Management LLC increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 441,860 shares of the real estate investment trust’s stock after acquiring an additional 83,926 shares during the quarter. River Road Asset Management LLC owned approximately 0.38% of Mid-America Apartment Communities worth $68,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MAA. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $25,000. Activest Wealth Management purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $32,000. IFP Advisors Inc lifted its holdings in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. Quarry LP purchased a new position in Mid-America Apartment Communities in the third quarter worth approximately $45,000. Finally, UMB Bank n.a. increased its stake in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $167.40 on Tuesday. The firm has a market capitalization of $19.57 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. 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 business’s fifty day moving average price is $155.87 and its 200 day moving average price is $157.24. 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 released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on MAA. Truist Financial upped their price target on Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets decreased their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Evercore ISI increased their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Moderate Buy” and an average price target of $168.43.

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.