Sumitomo Mitsui Trust Group Inc. Has $55.12 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Sumitomo Mitsui Trust Group Inc. lessened its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 356,614 shares of the real estate investment trust's stock after selling 3,312 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.31% of Mid-America Apartment Communities worth $55,122,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MAA. Park Avenue Securities LLC raised its position in Mid-America Apartment Communities by 7.0% in the third quarter. Park Avenue Securities LLC now owns 2,108 shares of the real estate investment trust's stock worth $335,000 after purchasing an additional 138 shares in the last quarter. Mather Group LLC. raised its position in Mid-America Apartment Communities by 82.8% in the third quarter. Mather Group LLC. now owns 437 shares of the real estate investment trust's stock worth $69,000 after purchasing an additional 198 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Mid-America Apartment Communities by 475.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,421 shares of the real estate investment trust's stock worth $385,000 after purchasing an additional 2,000 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Mid-America Apartment Communities by 386.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,294 shares of the real estate investment trust's stock worth $1,159,000 after buying an additional 5,794 shares in the last quarter. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of Mid-America Apartment Communities by 4.9% during the third quarter. Gilman Hill Asset Management LLC now owns 3,849 shares of the real estate investment trust's stock worth $612,000 after buying an additional 180 shares in the last quarter. Institutional investors own 93.60% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MAA shares. Wells Fargo & Company dropped their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Barclays dropped their price objective on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Royal Bank of Canada raised 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. Raymond James raised shares of Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price target for the company in a report on Monday, October 21st. Finally, Mizuho lowered their price target on shares of 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 analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $166.45.

Mid-America Apartment Communities Trading Up 0.0 %

MAA stock traded up $0.06 during midday trading on Friday, reaching $157.05. The company's stock had a trading volume of 688,416 shares, compared to its average volume of 738,954. Mid-America Apartment Communities, Inc. has a 52 week low of $123.23 and a 52 week high of $167.39. The stock has a market cap of $18.36 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The business's 50-day simple moving average is $153.27 and its 200-day simple moving average is $155.70.

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, topping 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%. As a group, sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 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.