Elo Mutual Pension Insurance Co Increases Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Elo Mutual Pension Insurance Co boosted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,741 shares of the real estate investment trust’s stock after purchasing an additional 1,364 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Mid-America Apartment Communities were worth $1,815,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MAA. Y Intercept Hong Kong Ltd purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth about $2,890,000. Metis Global Partners LLC lifted its position in Mid-America Apartment Communities by 9.5% during the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust’s stock worth $2,670,000 after acquiring an additional 1,499 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Mid-America Apartment Communities by 2.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after acquiring an additional 4,301 shares during the period. Paradigm Asset Management Co. LLC grew its position in Mid-America Apartment Communities by 1,582.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock valued at $1,035,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in shares of Mid-America Apartment Communities by 27.1% during the fourth quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock valued at $9,040,000 after purchasing an additional 12,454 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAA has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Barclays upped their price objective on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Truist Financial lifted their target price on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Raymond James increased their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Thursday, March 20th. Finally, StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.90.

Mid-America Apartment Communities Trading Up 0.4 %

Shares of NYSE MAA opened at $165.93 on Friday. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $173.38. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock’s 50 day simple moving average is $159.61 and its 200 day simple moving average is $157.57.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect 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. Shareholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, April 15th. 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.