Mirae Asset Global Investments Co. Ltd. Has $2.58 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 21.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,761 shares of the real estate investment trust's stock after acquiring an additional 2,957 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Mid-America Apartment Communities were worth $2,575,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in Mid-America Apartment Communities by 0.9% during the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust's stock valued at $1,228,569,000 after purchasing an additional 65,696 shares during the period. Geode Capital Management LLC boosted its holdings in Mid-America Apartment Communities by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust's stock worth $497,624,000 after buying an additional 48,168 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Mid-America Apartment Communities by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust's stock worth $215,402,000 after purchasing an additional 39,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Mid-America Apartment Communities by 516.4% during the third 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 valued at $170,694,000 after buying an additional 899,960 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Mid-America Apartment Communities by 0.3% in the third quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust's stock valued at $55,087,000 after purchasing an additional 1,100 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Trading Up 0.7 %

NYSE MAA traded up $1.10 during trading hours on Thursday, hitting $156.92. The company's stock had a trading volume of 605,402 shares, compared to its average volume of 740,683. Mid-America Apartment Communities, Inc. has a twelve month low of $123.23 and a twelve month high of $167.39. The firm has a market capitalization of $18.34 billion, a P/E ratio of 35.03, a PEG ratio of 2.56 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $153.31 and a 200 day moving average of $155.60.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results 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%. Equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.86 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.86%. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

Analyst Ratings Changes

A number of brokerages recently commented on MAA. BMO Capital Markets lowered 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. Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $159.50 to $168.00 in a research report on Friday, January 24th. Barclays reduced their target price on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. KeyCorp upgraded shares of Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price on the stock in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada boosted their price target 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $166.00.

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.