Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,437 shares of the real estate investment trust's stock after purchasing an additional 27,087 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.23% of Mid-America Apartment Communities worth $41,004,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MAA. Inspire Investing LLC lifted its holdings in shares of Mid-America Apartment Communities by 0.9% in the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock worth $1,233,000 after purchasing an additional 68 shares in the last quarter. IFP Advisors Inc raised its holdings 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 buying an additional 68 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Mid-America Apartment Communities by 0.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock worth $1,704,000 after buying an additional 69 shares during the last quarter. Chesley Taft & Associates LLC lifted 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 valued at $746,000 after buying an additional 75 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of 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 buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MAA shares. BMO Capital Markets dropped their price target 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. Scotiabank upgraded shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. StockNews.com downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Barclays lifted their target price on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Raymond James boosted their target price on Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $168.90.

Mid-America Apartment Communities Trading Down 1.1 %

MAA traded down $1.90 on Thursday, hitting $166.10. 127,709 shares of the company were exchanged, compared to its average volume of 765,980. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. The firm has a fifty day simple moving average of $160.71 and a two-hundred day simple moving average of $157.63. The stock has a market capitalization of $19.42 billion, a PE 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 posted its earnings results 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 return on equity of 8.53% and a net margin of 24.03%. Sell-side 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is currently 135.27%.

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.