Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 79.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,396 shares of the real estate investment trust’s stock after purchasing an additional 41,464 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Mid-America Apartment Communities worth $14,436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp lifted its position in Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after buying an additional 65,696 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 worth $497,624,000 after acquiring an additional 48,168 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Mid-America Apartment Communities by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,389,113 shares of the real estate investment trust’s stock worth $214,715,000 after acquiring an additional 33,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 acquiring an additional 899,960 shares during the period. Finally, Aew Capital Management L P boosted its position in shares of Mid-America Apartment Communities by 516.3% during 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 acquiring an additional 528,608 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAA has been the topic of a number of analyst reports. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a research note on Tuesday, December 17th. 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 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 research report on Wednesday, February 19th. BMO Capital Markets reduced their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Finally, Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $173.00 to $182.00 in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.90.

Mid-America Apartment Communities Trading Up 0.4 %

NYSE:MAA opened at $165.93 on Friday. The stock has a fifty day moving average price of $159.61 and a 200 day moving average price of $157.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $173.38. The firm has a market cap of $19.40 billion, a PE ratio of 37.04, 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 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $1.515 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.65%. 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.