Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,486 shares of the real estate investment trust's stock after purchasing an additional 5,725 shares during the period. Cibc World Markets Corp's holdings in Mid-America Apartment Communities were worth $8,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Inspire Investing LLC grew its position in shares of Mid-America Apartment Communities by 0.9% in the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock valued at $1,233,000 after purchasing an additional 68 shares during the period. IFP Advisors Inc lifted its stake in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock worth $1,704,000 after acquiring an additional 69 shares in the last quarter. Chesley Taft & Associates LLC lifted its stake in shares of Mid-America Apartment Communities by 1.6% in the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock worth $746,000 after acquiring an additional 75 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

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Wall Street Analyst Weigh In

MAA has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and boosted their price target for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. Barclays boosted their price target on Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Raymond James upped their price objective on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Thursday. Finally, KeyCorp upgraded Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price objective on the stock in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.90.

Mid-America Apartment Communities Stock Performance

MAA stock traded down $1.38 on Friday, reaching $161.19. The company's stock had a trading volume of 1,539,118 shares, compared to its average volume of 668,247. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $173.38. The company has a market capitalization of $18.84 billion, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The firm has a fifty day moving average of $158.21 and a two-hundred day moving average of $157.52. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data 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%. As a group, analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared 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 3.76%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is currently 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.