Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 441,860 shares of the real estate investment trust's stock after buying an additional 83,926 shares during the period. River Road Asset Management LLC owned about 0.38% of Mid-America Apartment Communities worth $68,298,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Mid-America Apartment Communities during the third quarter worth about $25,000. Activest Wealth Management bought a new position in Mid-America Apartment Communities during the third quarter worth about $32,000. IFP Advisors Inc boosted its position 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 purchasing an additional 68 shares during the period. Quarry LP bought a new position in Mid-America Apartment Communities during the third quarter worth about $45,000. Finally, UMB Bank n.a. boosted its position in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their target price 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 note on Tuesday, January 21st. StockNews.com raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. 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. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $159.50 to $168.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their price target for the stock from $148.00 to $190.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned 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 a consensus price target of $168.43.

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Mid-America Apartment Communities Stock Down 1.4 %

NYSE MAA traded down $2.31 during trading hours on Tuesday, hitting $165.03. 898,472 shares of the company were exchanged, compared to its average volume of 663,870. The company has a 50 day moving average of $156.16 and a two-hundred day moving average of $157.33. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $173.38. The firm has a market cap of $19.29 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

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.