Mitsubishi UFJ Asset Management Co. Ltd. Purchases 27,087 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,437 shares of the real estate investment trust’s stock after buying an additional 27,087 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.23% of Mid-America Apartment Communities worth $41,004,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 valued at $170,694,000 after acquiring an additional 899,960 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Mid-America Apartment Communities during the fourth quarter valued at approximately $95,671,000. Aew Capital Management L P grew its stake in Mid-America Apartment Communities by 516.3% in the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock worth $97,533,000 after buying an additional 528,608 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Mid-America Apartment Communities by 535.1% in the 4th quarter. Sei Investments Co. now owns 176,442 shares of the real estate investment trust’s stock worth $27,273,000 after buying an additional 148,662 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in shares of Mid-America Apartment Communities by 23.4% during the 4th quarter. River Road Asset Management LLC now owns 441,860 shares of the real estate investment trust’s stock valued at $68,298,000 after buying an additional 83,926 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $165.93 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm’s fifty day simple moving average is $159.61 and its 200 day simple moving average is $157.57. The stock has a market cap of $19.40 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (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%. As a group, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is presently 135.27%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MAA shares. Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $173.00 to $182.00 in a research note on Friday, February 14th. BMO Capital Markets reduced their price objective 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. Truist Financial upped their target price on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Royal Bank of Canada lifted their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, Mizuho cut their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $168.90.

Mid-America Apartment Communities 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.