Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 535.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 176,442 shares of the real estate investment trust's stock after buying an additional 148,662 shares during the period. Sei Investments Co. owned approximately 0.15% of Mid-America Apartment Communities worth $27,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAA. Quest Partners LLC purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $164,000. PNC Financial Services Group Inc. raised its position in Mid-America Apartment Communities by 12.7% in the third quarter. PNC Financial Services Group Inc. now owns 14,398 shares of the real estate investment trust's stock valued at $2,288,000 after purchasing an additional 1,618 shares during the period. Cerity Partners LLC raised its position in Mid-America Apartment Communities by 169.7% in the third quarter. Cerity Partners LLC now owns 13,511 shares of the real estate investment trust's stock valued at $2,147,000 after purchasing an additional 8,501 shares during the period. Swedbank AB lifted its stake in shares of 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 purchasing an additional 5,178 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Mid-America Apartment Communities by 458.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 4,085 shares of the real estate investment trust's stock worth $649,000 after buying an additional 3,354 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

MAA has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. KeyCorp upgraded shares of Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price objective on the stock in a research note on Tuesday, December 17th. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Barclays raised their price target 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. Finally, Royal Bank of Canada boosted their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.90.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA traded up $0.68 during midday trading on Friday, hitting $165.93. The company's stock had a trading volume of 527,543 shares, compared to its average volume of 703,854. 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 1-year low of $123.73 and a 1-year high of $173.38. The firm's fifty day moving average price is $159.61 and its 200-day moving average price is $157.57. The firm has a market cap 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 (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts' consensus estimates 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%. On average, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

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