Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,134 shares of the real estate investment trust’s stock after acquiring an additional 3,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mid-America Apartment Communities were worth $2,494,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Leeward Investments LLC MA lifted its stake in Mid-America Apartment Communities by 34.7% during the 4th quarter. Leeward Investments LLC MA now owns 71,366 shares of the real estate investment trust’s stock worth $11,031,000 after acquiring an additional 18,395 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in Mid-America Apartment Communities by 1,582.9% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 6,300 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Mid-America Apartment Communities by 3.3% during the 4th quarter. Handelsbanken Fonder AB now owns 90,790 shares of the real estate investment trust’s stock worth $14,033,000 after acquiring an additional 2,919 shares in the last quarter. Ieq Capital LLC lifted its stake in Mid-America Apartment Communities by 3.9% during the 4th quarter. Ieq Capital LLC now owns 3,875 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 145 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Mid-America Apartment Communities by 108.4% during the 4th quarter. Venturi Wealth Management LLC now owns 544 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

MAA has been the topic of several research reports. Evercore ISI increased their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. JMP Securities restated a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Barclays upped their price target on Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. 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 report on Friday, January 24th. Finally, BMO Capital Markets cut their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Mid-America Apartment Communities Trading Down 0.3 %

NYSE:MAA opened at $164.20 on Thursday. The stock’s 50 day moving average price is $153.81 and its 200 day moving average price is $156.46. The company has a market capitalization of $19.20 billion, a PE ratio of 36.65, a P/E/G ratio of 3.72 and a beta of 0.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) 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 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 135.27%.

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.