Mitsubishi UFJ Trust & Banking Corp Grows Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 79.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,396 shares of the real estate investment trust's stock after buying an additional 41,464 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Mid-America Apartment Communities worth $14,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 68 shares in the last quarter. Quarry LP bought a new position in Mid-America Apartment Communities during the 3rd quarter valued at $45,000. UMB Bank n.a. raised its position in 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. Catalyst Capital Advisors LLC lifted its stake in Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 133 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Mid-America Apartment Communities during the third quarter valued at $63,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

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Mid-America Apartment Communities Trading Down 0.4 %

MAA traded down $0.71 on Tuesday, hitting $166.88. The company had a trading volume of 302,970 shares, compared to its average volume of 775,797. The company has a market cap of $19.51 billion, a PE ratio of 37.25, a PEG ratio of 3.72 and a beta of 0.90. The business's fifty day simple moving average is $159.95 and its 200 day simple moving average is $157.55. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month 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 posted 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 return on equity of 8.53% and a net margin of 24.03%. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Analyst Ratings Changes

A number of brokerages recently commented on MAA. Royal Bank of Canada boosted their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Evercore ISI upped 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 report on Monday, February 10th. KeyCorp raised Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price target for the company in a report on Tuesday, December 17th. Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Finally, Mizuho cut their target price on 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. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of "Moderate Buy" and an average price target of $168.90.

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.