OVERSEA CHINESE BANKING Corp Ltd Has $4.04 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,103 shares of the real estate investment trust's stock after selling 2,001 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Mid-America Apartment Communities were worth $4,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAA. Y Intercept Hong Kong Ltd bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $2,890,000. Metis Global Partners LLC boosted its position in 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 worth $2,670,000 after purchasing an additional 1,499 shares during the period. Swedbank AB increased its holdings in shares of Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust's stock valued at $32,350,000 after purchasing an additional 5,178 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Mid-America Apartment Communities by 2.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust's stock valued at $28,711,000 after purchasing an additional 4,301 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $4,304,000. Institutional investors own 93.60% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on MAA. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $159.50 to $168.00 in a research note on Friday, January 24th. StockNews.com raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. 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 note on Tuesday, December 17th. Finally, Raymond James raised their price objective 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $168.90.

Mid-America Apartment Communities Price Performance

Shares of MAA traded up $2.53 during trading hours on Monday, reaching $163.80. The stock had a trading volume of 472,235 shares, compared to its average volume of 668,193. 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 stock has a market capitalization of $19.15 billion, a PE ratio of 36.56, a PEG ratio of 3.72 and a beta of 0.90. The company's 50-day moving average is $158.21 and its two-hundred day moving average is $157.43.

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 EPS for the quarter, beating 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%. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 3.70%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is 135.27%.

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.