Triasima Portfolio Management inc. Invests $278,000 in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Triasima Portfolio Management inc. acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,800 shares of the real estate investment trust's stock, valued at approximately $278,000.

Other hedge funds also recently made changes to their positions in the company. Fairvoy Private Wealth LLC acquired a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at about $404,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Mid-America Apartment Communities by 4.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,680 shares of the real estate investment trust's stock valued at $5,824,000 after acquiring an additional 1,682 shares during the period. RNC Capital Management LLC acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $308,000. Choreo LLC grew its position in shares of Mid-America Apartment Communities by 40.7% during the fourth quarter. Choreo LLC now owns 2,247 shares of the real estate investment trust's stock worth $344,000 after acquiring an additional 650 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Mid-America Apartment Communities by 21.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,761 shares of the real estate investment trust's stock valued at $2,575,000 after acquiring an additional 2,957 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MAA shares. Wells Fargo & Company lowered their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Raymond James raised Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price target on the stock in a report on Monday, October 21st. Royal Bank of Canada boosted their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research report on Friday. Scotiabank decreased their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Finally, Mizuho dropped their target price on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $166.00.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock traded down $0.86 during mid-day trading on Tuesday, reaching $156.00. The company had a trading volume of 674,374 shares, compared to its average volume of 747,506. The stock's 50-day simple moving average is $153.43 and its 200-day simple moving average is $155.59. The company has a market capitalization of $18.23 billion, a P/E ratio of 34.82, a P/E/G ratio of 2.56 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09. Mid-America Apartment Communities, Inc. has a 1 year low of $121.51 and a 1 year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued 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%. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Wednesday, January 15th. 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.