Allianz SE Invests $1.06 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Allianz SE acquired a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,949 shares of the real estate investment trust's stock, valued at approximately $1,063,000.

Several other hedge funds have also made changes to their positions in the stock. Cerity Partners LLC lifted its position in Mid-America Apartment Communities by 169.7% in the third quarter. Cerity Partners LLC now owns 13,511 shares of the real estate investment trust's stock worth $2,147,000 after purchasing an additional 8,501 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Mid-America Apartment Communities by 1.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 89,290 shares of the real estate investment trust's stock worth $14,188,000 after acquiring an additional 1,308 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Mid-America Apartment Communities by 4.2% during the 3rd quarter. D.A. Davidson & CO. now owns 2,297 shares of the real estate investment trust's stock worth $365,000 after acquiring an additional 93 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $249,000. Finally, Public Sector Pension Investment Board increased its stake in Mid-America Apartment Communities by 25.4% in the third quarter. Public Sector Pension Investment Board now owns 20,311 shares of the real estate investment trust's stock valued at $3,227,000 after acquiring an additional 4,110 shares during the period. Institutional investors own 93.60% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have commented on MAA. Mizuho cut their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Evercore ISI boosted their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Barclays upped their price target on 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. Wells Fargo & Company cut their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada upped their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $168.90.

Mid-America Apartment Communities Stock Down 2.3 %

Shares of MAA stock traded down $3.84 on Thursday, hitting $164.16. 273,135 shares of the stock were exchanged, compared to its average volume of 703,882. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. 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 $19.19 billion, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The business has a 50-day moving average of $160.71 and a 200 day moving average of $157.63.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $1.515 per share. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.69%. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

Mid-America Apartment Communities 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.