Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 34.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,366 shares of the real estate investment trust’s stock after purchasing an additional 18,395 shares during the period. Leeward Investments LLC MA owned approximately 0.06% of Mid-America Apartment Communities worth $11,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its holdings 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 purchasing an additional 65,696 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mid-America Apartment Communities by 1.6% in the third 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. grew its holdings in shares of Mid-America Apartment Communities by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust’s stock valued at $215,402,000 after purchasing an additional 39,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Mid-America Apartment Communities by 516.4% in 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 valued at $170,694,000 after purchasing an additional 899,960 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Mid-America Apartment Communities by 0.3% in the third quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust’s stock valued at $55,087,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.4 %

MAA stock opened at $160.65 on Friday. The company has a fifty day moving average price of $153.29 and a 200 day moving average price of $156.22. Mid-America Apartment Communities, Inc. has a 12 month low of $123.23 and a 12 month high of $167.39. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 3.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

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, beating the consensus estimate 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%. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a $1.515 dividend. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.77%. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

Wall Street Analyst Weigh In

MAA has been the subject of a number of research reports. Evercore ISI lifted their price objective on shares of 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. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Barclays lifted their price target on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and an average price target of $167.00.

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.