Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Position Decreased by Swiss National Bank

Swiss National Bank cut its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,076 shares of the real estate investment trust's stock after selling 16,600 shares during the quarter. Swiss National Bank owned 0.28% of Mid-America Apartment Communities worth $51,020,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MAA. Truvestments Capital LLC lifted its holdings in Mid-America Apartment Communities by 5.8% in the fourth quarter. Truvestments Capital LLC now owns 20,202 shares of the real estate investment trust's stock valued at $3,123,000 after acquiring an additional 1,109 shares during the period. Sequoia Financial Advisors LLC increased its position in Mid-America Apartment Communities by 17.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,591 shares of the real estate investment trust's stock worth $246,000 after purchasing an additional 239 shares in the last quarter. HighTower Advisors LLC increased its position in Mid-America Apartment Communities by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 100,439 shares of the real estate investment trust's stock worth $15,525,000 after purchasing an additional 511 shares in the last quarter. River Road Asset Management LLC increased its position in Mid-America Apartment Communities by 23.4% during the 4th quarter. River Road Asset Management LLC now owns 441,860 shares of the real estate investment trust's stock worth $68,298,000 after purchasing an additional 83,926 shares in the last quarter. Finally, Independent Advisor Alliance grew its holdings in Mid-America Apartment Communities by 17.6% in the 4th quarter. Independent Advisor Alliance now owns 2,327 shares of the real estate investment trust's stock valued at $360,000 after buying an additional 349 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

MAA has been the subject of several recent analyst reports. Mizuho lowered their price target 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. Evercore ISI boosted their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. JMP Securities reiterated a "market outperform" rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Royal Bank of Canada increased their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Finally, Barclays upped their price target on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $168.43.

Mid-America Apartment Communities Stock Performance

Shares of MAA traded down $0.56 during trading hours on Wednesday, reaching $161.76. 752,998 shares of the company's stock traded hands, compared to its average volume of 665,607. The business's fifty day simple moving average is $157.43 and its two-hundred day simple moving average is $157.46. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 3.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share 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%. Analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $1.515 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.75%. Mid-America Apartment Communities's dividend payout ratio (DPR) 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.