Ieq Capital LLC Increases Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Ieq Capital LLC boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,875 shares of the real estate investment trust’s stock after purchasing an additional 145 shares during the period. Ieq Capital LLC’s holdings in Mid-America Apartment Communities were worth $599,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MAA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 buying an additional 899,960 shares during the last quarter. KBC Group NV grew its position in Mid-America Apartment Communities by 830.8% in the third quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock worth $19,987,000 after acquiring an additional 112,271 shares during the period. Benjamin Edwards Inc. increased its stake in Mid-America Apartment Communities by 2,378.4% during the third quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust’s stock worth $13,401,000 after acquiring an additional 80,936 shares during the last quarter. State Street Corp raised its position in 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 purchasing an additional 65,696 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 194.4% in the 3rd quarter. Natixis Advisors LLC now owns 98,193 shares of the real estate investment trust’s stock valued at $15,603,000 after purchasing an additional 64,839 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MAA. Mizuho cut their price objective on 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. Evercore ISI lifted their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Barclays upped 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. Royal Bank of Canada lifted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $173.00 to $182.00 in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Mid-America Apartment Communities Stock Up 1.2 %

MAA stock opened at $164.89 on Wednesday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $167.39. The company’s 50 day moving average price is $153.55 and its 200 day moving average price is $156.41. 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 firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 3.72 and a beta of 0.91.

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 net margin of 24.03% and a return on equity of 8.53%. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.68%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s payout ratio is 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.