Royal London Asset Management Ltd. Purchases 8,011 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Royal London Asset Management Ltd. increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,668 shares of the real estate investment trust's stock after purchasing an additional 8,011 shares during the period. Royal London Asset Management Ltd.'s holdings in Mid-America Apartment Communities were worth $8,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAA. IFP Advisors Inc increased its position 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 worth $39,000 after purchasing an additional 68 shares during the last quarter. Quarry LP purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth $45,000. UMB Bank n.a. boosted its holdings 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 valued at $50,000 after acquiring an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC grew its position 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 acquiring an additional 133 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Mid-America Apartment Communities during the third quarter worth about $63,000. 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 subject of a number of research analyst reports. Truist Financial increased their target price on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. JMP Securities reissued a "market outperform" rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. KeyCorp raised shares of 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 research report on Tuesday, December 17th. BMO Capital Markets cut their price objective on 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. Finally, StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $168.90.

Mid-America Apartment Communities Trading Up 0.1 %

Shares of MAA stock traded up $0.18 on Thursday, hitting $164.68. The stock had a trading volume of 717,044 shares, compared to its average volume of 669,099. The firm has a market cap of $19.25 billion, a P/E ratio of 36.76, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $159.02 and a two-hundred day moving average price of $157.53.

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 the consensus estimate 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, analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.68%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 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.