UniSuper Management Pty Ltd Buys 3,105 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

UniSuper Management Pty Ltd grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,538 shares of the real estate investment trust's stock after buying an additional 3,105 shares during the quarter. UniSuper Management Pty Ltd's holdings in Mid-America Apartment Communities were worth $7,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its position in Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock valued at $1,233,000 after purchasing an additional 68 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 68 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Mid-America Apartment Communities by 0.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock worth $1,704,000 after buying an additional 69 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in Mid-America Apartment Communities by 1.6% in the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock worth $746,000 after buying an additional 75 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Mid-America Apartment Communities by 30.5% during 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 last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

MAA has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Royal Bank of Canada boosted their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Mizuho reduced their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. KeyCorp raised Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price for the company in a research note on Tuesday, December 17th. Finally, Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities has an average rating of "Moderate Buy" and an average target price of $168.90.

Mid-America Apartment Communities Stock Down 0.1 %

Shares of MAA stock traded down $0.10 during midday trading on Tuesday, reaching $167.48. 106,700 shares of the stock were exchanged, compared to its average volume of 702,629. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. The firm has a market cap of $19.58 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The company's 50 day moving average is $159.95 and its two-hundred day moving average is $157.55. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81.

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

Mid-America Apartment Communities Announces Dividend

The firm 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 dividend of $1.515 per share. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.62%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 135.27%.

About Mid-America Apartment Communities

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.