Andra AP fonden Decreases Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Andra AP fonden cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,400 shares of the real estate investment trust's stock after selling 6,000 shares during the period. Andra AP fonden's holdings in Mid-America Apartment Communities were worth $6,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MAA. State Street Corp grew its holdings in Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust's stock worth $1,228,569,000 after acquiring an additional 65,696 shares during the period. Geode Capital Management LLC lifted its stake in shares of Mid-America Apartment Communities by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust's stock valued at $497,624,000 after purchasing an additional 48,168 shares during the period. Charles Schwab Investment Management Inc. grew its position in Mid-America Apartment Communities by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,389,113 shares of the real estate investment trust's stock valued at $214,715,000 after buying an additional 33,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Mid-America Apartment Communities by 516.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust's stock valued at $170,694,000 after buying an additional 899,960 shares in the last quarter. Finally, Aew Capital Management L P raised its position in shares of Mid-America Apartment Communities by 516.3% in the fourth quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust's stock worth $97,533,000 after acquiring an additional 528,608 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

MAA has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Evercore ISI upped 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. Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Finally, BMO Capital Markets cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $168.43.

Mid-America Apartment Communities Stock Performance

MAA traded down $3.32 on Wednesday, reaching $161.68. The company had a trading volume of 855,059 shares, compared to its average volume of 664,467. The stock has a 50-day moving average price of $156.37 and a 200-day moving average price of $157.39. The stock has a market capitalization of $18.90 billion, a PE ratio of 36.09, a P/E/G ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. 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 (NYSE:MAA - Get Free Report) last announced its 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%. As a group, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS 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.