Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $9.68 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,627 shares of the real estate investment trust's stock after purchasing an additional 16,871 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Mid-America Apartment Communities worth $9,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Activest Wealth Management acquired a new position in Mid-America Apartment Communities during the 3rd quarter valued at about $32,000. IFP Advisors Inc boosted its holdings 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 valued at $39,000 after acquiring an additional 68 shares in the last quarter. Quarry LP acquired a new position in shares of Mid-America Apartment Communities during the third quarter valued at approximately $45,000. UMB Bank n.a. raised its holdings in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 75 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in Mid-America Apartment Communities by 57.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 133 shares during the period. 93.60% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MAA. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. 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 research report on Friday, January 24th. Royal Bank of Canada lifted their target price on shares of 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 price target on shares of 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. Finally, Truist Financial increased their price target on Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a "buy" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $168.90.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock traded up $1.39 during mid-day trading on Wednesday, reaching $164.43. The stock had a trading volume of 501,014 shares, compared to its average volume of 668,452. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one 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. The firm's 50 day simple moving average is $158.72 and its 200 day simple moving average is $157.48. The firm has a market cap of $19.22 billion, a PE ratio of 36.70, a P/E/G ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating 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, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is 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.