Hahn Capital Management LLC Has $8.44 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Hahn Capital Management LLC lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 47.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 54,628 shares of the real estate investment trust’s stock after buying an additional 17,660 shares during the period. Mid-America Apartment Communities makes up approximately 3.7% of Hahn Capital Management LLC’s portfolio, making the stock its 14th largest position. Hahn Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $8,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MAA. Ashton Thomas Securities LLC acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $25,000. Activest Wealth Management acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $37,000. IFP Advisors Inc increased its stake 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 worth $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Mizuho lowered their target price on shares of 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. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $173.00 to $182.00 in a research note on Friday, February 14th. Wells Fargo & Company lowered their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Moderate Buy” and an average price target of $167.00.

Mid-America Apartment Communities Trading Up 1.6 %

Shares of MAA stock opened at $166.78 on Friday. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $167.73. The company has a market capitalization of $19.50 billion, a P/E ratio of 37.23, a P/E/G ratio of 3.72 and a beta of 0.91. The firm has a 50-day moving average price of $154.16 and a 200 day moving average price of $156.53. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors 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 3.63%. 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.