Zurcher Kantonalbank Zurich Cantonalbank Acquires 27,392 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 22.8% in the 4th quarter, HoldingsChannel reports. The fund owned 147,482 shares of the real estate investment trust’s stock after acquiring an additional 27,392 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mid-America Apartment Communities were worth $22,796,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Inspire Investing LLC raised its position in shares of Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock worth $1,233,000 after acquiring an additional 68 shares during the last quarter. IFP Advisors Inc boosted its holdings in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. Sanctuary Advisors LLC increased its position in Mid-America Apartment Communities by 0.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 69 shares during the period. UMB Bank n.a. raised its holdings in Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 75 shares during the last quarter. Finally, Chesley Taft & Associates LLC lifted its position in shares of Mid-America Apartment Communities by 1.6% in the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 75 shares during the period. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 1.4 %

MAA opened at $165.03 on Wednesday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38. The firm has a market capitalization of $19.29 billion, a PE ratio of 36.84, a P/E/G ratio of 3.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The company’s 50-day moving average is $156.16 and its 200 day moving average is $157.33.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $190.00 in a research report on Monday. Wells Fargo & Company lowered their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. BMO Capital Markets dropped 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 note on Tuesday, January 21st. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Finally, Mizuho dropped their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.43.

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.