Zurcher Kantonalbank Zurich Cantonalbank Has $22.80 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,482 shares of the real estate investment trust's stock after buying an additional 27,392 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.13% of Mid-America Apartment Communities worth $22,796,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Inspire Investing LLC raised its position in shares of Mid-America Apartment Communities by 0.9% in 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 during the period. IFP Advisors Inc grew its stake in Mid-America Apartment Communities by 37.2% in 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 during the last quarter. Sanctuary Advisors LLC raised its holdings 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 valued at $1,704,000 after acquiring an additional 69 shares during the period. UMB Bank n.a. lifted 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 worth $50,000 after acquiring an additional 75 shares during the last quarter. Finally, Chesley Taft & Associates LLC boosted its holdings in shares of Mid-America Apartment Communities by 1.6% during the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock worth $746,000 after acquiring an additional 75 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Price Performance

MAA stock opened at $165.03 on Wednesday. The stock has a market cap of $19.29 billion, a price-to-earnings ratio of 36.84, 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. The company has a 50 day simple moving average of $156.16 and a 200 day simple moving average of $157.33. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38.

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Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its 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%. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada upped their price target on shares of 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. Mizuho dropped their price objective 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. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price on the stock in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of "Moderate Buy" and an average price target of $168.43.

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.

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