UniSuper Management Pty Ltd Grows Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

UniSuper Management Pty Ltd boosted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,538 shares of the real estate investment trust’s stock after purchasing an additional 3,105 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Mid-America Apartment Communities were worth $7,348,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Mid-America Apartment Communities by 516.4% during 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 buying an additional 899,960 shares during the period. JPMorgan Chase & Co. grew its holdings in Mid-America Apartment Communities by 26.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust’s stock worth $517,015,000 after acquiring an additional 708,125 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at approximately $95,671,000. Aew Capital Management L P raised its holdings in shares of Mid-America Apartment Communities by 516.3% in the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock valued at $97,533,000 after purchasing an additional 528,608 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Mid-America Apartment Communities by 535.1% during the 4th quarter. Sei Investments Co. now owns 176,442 shares of the real estate investment trust’s stock worth $27,273,000 after purchasing an additional 148,662 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Jefferies Financial Group raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and raised their target price for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Evercore ISI upped 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. Barclays raised their price objective on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.90.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $164.68 on Friday. 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 has a 50 day simple moving average of $159.30 and a 200-day simple moving average of $157.58. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. The stock has a market capitalization of $19.25 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share 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%. Equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

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.