Natixis Advisors LLC Has $19.88 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Natixis Advisors LLC boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 128,640 shares of the real estate investment trust's stock after acquiring an additional 30,447 shares during the period. Natixis Advisors LLC owned 0.11% of Mid-America Apartment Communities worth $19,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MAA. Y Intercept Hong Kong Ltd acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $2,890,000. Metis Global Partners LLC lifted its stake in shares of Mid-America Apartment Communities by 9.5% during the fourth quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock valued at $2,670,000 after buying an additional 1,499 shares during the period. Swedbank AB boosted its position in Mid-America Apartment Communities by 2.6% during the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust's stock worth $32,350,000 after acquiring an additional 5,178 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Mid-America Apartment Communities by 2.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust's stock worth $28,711,000 after acquiring an additional 4,301 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in Mid-America Apartment Communities in the 3rd quarter valued at $4,304,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

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Mid-America Apartment Communities Trading Down 0.9 %

Mid-America Apartment Communities stock traded down $1.38 during mid-day trading on Friday, hitting $161.19. 1,539,118 shares of the company's stock were exchanged, compared to its average volume of 668,247. The company's 50 day simple moving average is $158.21 and its 200-day simple moving average is $157.52. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $18.84 billion, a P/E ratio of 35.98, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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 net margin of 24.03% and a return on equity of 8.53%. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is currently 135.27%.

Analyst Ratings Changes

MAA has been the subject of several recent analyst reports. JMP Securities restated a "market outperform" rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Barclays boosted their target price on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Royal Bank of Canada increased their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Evercore ISI boosted their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Mizuho dropped their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.