Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,897 shares of the real estate investment trust’s stock after buying an additional 208 shares during the period. Retirement Systems of Alabama owned about 0.08% of Mid-America Apartment Communities worth $14,359,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Mid-America Apartment Communities by 0.9% in the third 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 acquiring an additional 65,696 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mid-America Apartment Communities by 1.6% in the 3rd 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 purchasing an additional 48,168 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Mid-America Apartment Communities by 3.0% during the 3rd 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 purchasing an additional 39,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Mid-America Apartment Communities by 516.4% during the 3rd 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 purchasing an additional 899,960 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Mid-America Apartment Communities by 0.3% during the third quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust’s stock worth $55,087,000 after buying an additional 1,100 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, January 10th. 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 report on Friday, January 24th. Evercore ISI initiated coverage on Mid-America Apartment Communities in a report on Friday, January 24th. They issued an “inline” rating and a $155.00 price target for the company. Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective on the stock in a research report on Monday, October 21st. Finally, Mizuho dropped their target price 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.80.

Mid-America Apartment Communities Stock Down 0.5 %

Mid-America Apartment Communities stock opened at $158.04 on Friday. The company has a market capitalization of $18.47 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 2.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The firm has a 50 day moving average price of $153.77 and a 200 day moving average price of $155.12.

Mid-America Apartment Communities (NYSE:MAA) last issued 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 8.38% and a net margin of 23.84%. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a $1.515 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.83%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is 136.79%.

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.