Mizuho Securities USA LLC Purchases 3,499 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Mizuho Securities USA LLC raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 46.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,078 shares of the real estate investment trust's stock after purchasing an additional 3,499 shares during the quarter. Mizuho Securities USA LLC's holdings in Mid-America Apartment Communities were worth $1,712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quest Partners LLC acquired a new position in shares of Mid-America Apartment Communities during the third quarter worth $164,000. PNC Financial Services Group Inc. lifted its holdings in Mid-America Apartment Communities by 12.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,398 shares of the real estate investment trust's stock worth $2,288,000 after buying an additional 1,618 shares in the last quarter. Cerity Partners LLC boosted its position in Mid-America Apartment Communities by 169.7% in the 3rd quarter. Cerity Partners LLC now owns 13,511 shares of the real estate investment trust's stock valued at $2,147,000 after buying an additional 8,501 shares during the last quarter. Swedbank AB boosted its position in Mid-America Apartment Communities by 2.6% in the 3rd quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust's stock valued at $32,350,000 after buying an additional 5,178 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Mid-America Apartment Communities by 458.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,085 shares of the real estate investment trust's stock valued at $649,000 after acquiring an additional 3,354 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

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Mid-America Apartment Communities Trading Up 0.4 %

MAA traded up $0.68 during mid-day trading on Friday, reaching $165.93. The stock had a trading volume of 527,543 shares, compared to its average volume of 703,854. The stock has a market capitalization of $19.40 billion, a P/E ratio of 37.04, a P/E/G ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week 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 firm's fifty day simple moving average is $159.61 and its two-hundred day simple moving average is $157.57.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 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%. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $1.515 per share. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.65%. Mid-America Apartment Communities's payout ratio is currently 135.27%.

Wall Street Analyst Weigh In

MAA has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. BMO Capital Markets dropped their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Raymond James boosted their price objective on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a report on Thursday, March 20th. Finally, Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $168.90.

Mid-America Apartment Communities Company 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.