Bank Julius Baer & Co. Ltd Zurich Lowers Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 83.7% in the 4th quarter, HoldingsChannel reports. The fund owned 462 shares of the real estate investment trust’s stock after selling 2,368 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Mid-America Apartment Communities were worth $79,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Inceptionr LLC raised its position in shares of Mid-America Apartment Communities by 7.3% in the 4th quarter. Inceptionr LLC now owns 13,280 shares of the real estate investment trust’s stock worth $2,053,000 after acquiring an additional 906 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Mid-America Apartment Communities in the 4th quarter worth $95,671,000. Arizona State Retirement System raised its position in shares of Mid-America Apartment Communities by 1.4% in the 4th quarter. Arizona State Retirement System now owns 33,946 shares of the real estate investment trust’s stock worth $5,247,000 after acquiring an additional 475 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Mid-America Apartment Communities in the 4th quarter worth $10,035,000. Finally, Assetmark Inc. raised its position in shares of Mid-America Apartment Communities by 4.2% in the 4th quarter. Assetmark Inc. now owns 6,184 shares of the real estate investment trust’s stock worth $956,000 after acquiring an additional 248 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and boosted their price target for the stock from $148.00 to $190.00 in a research report on Monday. Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $173.00 to $182.00 in a report on Friday, February 14th. Finally, Evercore ISI increased their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.43.

Mid-America Apartment Communities Trading Down 1.4 %

MAA opened at $165.03 on Wednesday. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $173.38. The business has a fifty day simple moving average of $156.16 and a 200-day simple moving average of $157.33. The firm has a market cap of $19.29 billion, a P/E ratio of 36.84, a P/E/G ratio of 3.72 and a beta of 0.90. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly 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%. On average, equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities 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.