HighTower Advisors LLC Acquires 511 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

HighTower Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,439 shares of the real estate investment trust’s stock after acquiring an additional 511 shares during the quarter. HighTower Advisors LLC owned approximately 0.09% of Mid-America Apartment Communities worth $15,525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAA. Assetmark Inc. raised its holdings in shares of Mid-America Apartment Communities by 22,730.8% during the third quarter. Assetmark Inc. now owns 5,936 shares of the real estate investment trust’s stock valued at $943,000 after acquiring an additional 5,910 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Mid-America Apartment Communities by 19.6% during the third quarter. Victory Capital Management Inc. now owns 42,886 shares of the real estate investment trust’s stock valued at $6,815,000 after acquiring an additional 7,020 shares in the last quarter. KBC Group NV raised its holdings in shares of Mid-America Apartment Communities by 830.8% during the third quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock valued at $19,987,000 after acquiring an additional 112,271 shares in the last quarter. Metis Global Partners LLC raised its holdings in Mid-America Apartment Communities by 21.9% in the third quarter. Metis Global Partners LLC now owns 15,774 shares of the real estate investment trust’s stock worth $2,506,000 after purchasing an additional 2,829 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Mid-America Apartment Communities by 10.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,623 shares of the real estate investment trust’s stock worth $576,000 after purchasing an additional 345 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 1.0 %

Shares of NYSE:MAA opened at $163.32 on Friday. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 3.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The stock’s 50-day simple moving average is $156.86 and its two-hundred day simple moving average is $157.47. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted 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%. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $173.00 to $182.00 in a report on Friday, February 14th. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Barclays increased their price objective on 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. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada increased their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.