39,200 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,200 shares of the real estate investment trust's stock, valued at approximately $6,059,000.

Several other large investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mid-America Apartment Communities by 516.4% in the 3rd 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 worth $170,694,000 after buying an additional 899,960 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at about $95,671,000. Aew Capital Management L P grew its position in 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 in the last quarter. Sei Investments Co. increased its stake in Mid-America Apartment Communities by 535.1% during the fourth quarter. Sei Investments Co. now owns 176,442 shares of the real estate investment trust's stock worth $27,273,000 after acquiring an additional 148,662 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in Mid-America Apartment Communities by 23.4% during the fourth quarter. River Road Asset Management LLC now owns 441,860 shares of the real estate investment trust's stock valued at $68,298,000 after purchasing an additional 83,926 shares during the period. Institutional investors own 93.60% of the company's stock.

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Mid-America Apartment Communities Stock Up 0.4 %

Shares of MAA stock traded up $0.68 on Friday, hitting $165.93. The stock had a trading volume of 527,543 shares, compared to its average volume of 703,854. The company has a market cap of $19.40 billion, a PE ratio of 37.04, a P/E/G ratio of 3.72 and a beta of 0.90. 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 business has a 50 day moving average price of $159.61 and a 200 day moving average price of $157.57.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping the consensus estimate 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%. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share 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. Stockholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of recent research reports. Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. 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. Mizuho reduced their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. StockNews.com cut shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, BMO Capital Markets reduced their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $168.90.

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.