Metis Global Partners LLC Raises Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Metis Global Partners LLC lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,273 shares of the real estate investment trust’s stock after acquiring an additional 1,499 shares during the period. Metis Global Partners LLC’s holdings in Mid-America Apartment Communities were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MAA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Mid-America Apartment Communities by 516.4% in 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 period. KBC Group NV increased its position in shares of Mid-America Apartment Communities by 830.8% in the 3rd 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 during the period. Benjamin Edwards Inc. increased its position in shares of Mid-America Apartment Communities by 2,378.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust’s stock valued at $13,401,000 after acquiring an additional 80,936 shares during the period. State Street Corp increased its position in shares of Mid-America Apartment Communities by 0.9% in the 3rd 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 acquiring an additional 65,696 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at $10,035,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MAA shares. KeyCorp raised 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 report on Tuesday, December 17th. Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Mid-America Apartment Communities Trading Up 0.8 %

Shares of Mid-America Apartment Communities stock opened at $168.29 on Friday. The firm has a market capitalization of $19.67 billion, a PE ratio of 37.56, a P/E/G ratio of 3.72 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $169.05. The firm’s 50-day moving average price is $154.46 and its 200 day moving average price is $156.67. 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 (NYSE:MAA) last issued its quarterly earnings results 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, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a yield of 3.60%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 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.