Aew Capital Management L P Has $97.53 Million Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Aew Capital Management L P raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 516.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 630,994 shares of the real estate investment trust's stock after acquiring an additional 528,608 shares during the period. Mid-America Apartment Communities comprises approximately 4.7% of Aew Capital Management L P's investment portfolio, making the stock its 7th largest holding. Aew Capital Management L P owned 0.54% of Mid-America Apartment Communities worth $97,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $2,890,000. Swedbank AB grew its position in Mid-America Apartment Communities by 2.6% in the 3rd quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust's stock worth $32,350,000 after purchasing an additional 5,178 shares in the last quarter. Metis Global Partners LLC increased its stake in Mid-America Apartment Communities by 9.5% in the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock valued at $2,670,000 after buying an additional 1,499 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Mid-America Apartment Communities by 2.4% during 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 buying an additional 4,301 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $4,304,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

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Mid-America Apartment Communities Price Performance

MAA traded up $2.19 during trading on Wednesday, reaching $170.34. 1,121,177 shares of the company were exchanged, compared to its average volume of 661,724. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $173.38. The company's 50-day moving average is $155.08 and its two-hundred day moving average is $156.93. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 3.72 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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 net margin of 24.03% and a return on equity of 8.53%. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a dividend of $1.515 per share. 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 dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities's payout ratio is 135.27%.

Analyst Ratings Changes

A number of analysts recently commented on the company. 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 report on Tuesday, January 21st. Wells Fargo & Company decreased their target price 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. JMP Securities reissued a "market outperform" rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Barclays raised their price objective on shares of 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. Finally, Scotiabank raised shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Moderate Buy" and a consensus price target of $167.00.

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.