Swiss National Bank Sells 16,600 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Swiss National Bank lowered its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 330,076 shares of the real estate investment trust’s stock after selling 16,600 shares during the period. Swiss National Bank owned about 0.28% of Mid-America Apartment Communities worth $51,020,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities in the third quarter worth about $32,000. IFP Advisors Inc increased its position in Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Quarry LP acquired a new position in shares of Mid-America Apartment Communities during the third quarter worth $45,000. UMB Bank n.a. boosted its holdings in shares of 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 valued at $50,000 after acquiring an additional 75 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 133 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on MAA shares. Jefferies Financial Group raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their price objective for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Barclays increased their price objective on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Wells Fargo & Company cut their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. BMO Capital Markets decreased their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Finally, Truist Financial lifted their price objective 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Moderate Buy” and a consensus price target of $168.43.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $163.32 on Friday. The business has a 50-day simple moving average of $156.86 and a 200 day simple moving average of $157.47. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38. 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 firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share 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%. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

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.