Nomura Asset Management Co. Ltd. Raises Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Nomura Asset Management Co. Ltd. grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 187,781 shares of the real estate investment trust's stock after purchasing an additional 7,092 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.16% of Mid-America Apartment Communities worth $29,025,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC boosted its position in Mid-America Apartment Communities by 0.9% in the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock valued at $1,233,000 after buying an additional 68 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Mid-America Apartment Communities by 37.2% in the 4th 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 during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities by 0.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock valued at $1,704,000 after acquiring an additional 69 shares during the last quarter. Chesley Taft & Associates LLC increased its stake in shares of Mid-America Apartment Communities by 1.6% in the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock worth $746,000 after acquiring an additional 75 shares during the period. Finally, UMB Bank n.a. lifted its position 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 valued at $50,000 after purchasing an additional 75 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

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Mid-America Apartment Communities Price Performance

Shares of MAA traded down $1.90 during trading hours on Thursday, hitting $166.10. 127,709 shares of the stock were exchanged, compared to its average volume of 702,379. The stock's 50-day moving average price is $160.71 and its two-hundred day moving average price is $157.63. 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 debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.65%. Mid-America Apartment Communities's payout ratio is 135.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. KeyCorp upgraded 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. Truist Financial upped their price objective on 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. Royal Bank of Canada boosted 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. Finally, Jefferies Financial Group raised shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and increased their price target for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Two equities research 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 company presently has a consensus rating of "Moderate Buy" and a consensus 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.