Sei Investments Co. Buys 148,662 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Sei Investments Co. raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 535.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 176,442 shares of the real estate investment trust’s stock after purchasing an additional 148,662 shares during the quarter. Sei Investments Co. owned 0.15% of Mid-America Apartment Communities worth $27,273,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MAA. Quest Partners LLC purchased a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $164,000. PNC Financial Services Group Inc. raised its stake in shares of Mid-America Apartment Communities by 12.7% during the third quarter. PNC Financial Services Group Inc. now owns 14,398 shares of the real estate investment trust’s stock valued at $2,288,000 after acquiring an additional 1,618 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Mid-America Apartment Communities by 169.7% during the third quarter. Cerity Partners LLC now owns 13,511 shares of the real estate investment trust’s stock worth $2,147,000 after purchasing an additional 8,501 shares during the period. Swedbank AB grew its stake in shares of Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock worth $32,350,000 after purchasing an additional 5,178 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in Mid-America Apartment Communities by 458.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,085 shares of the real estate investment trust’s stock valued at $649,000 after purchasing an additional 3,354 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAA. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a report on Monday, March 10th. Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Finally, Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $173.00 to $182.00 in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.90.

Mid-America Apartment Communities Trading Down 0.3 %

Shares of NYSE MAA opened at $163.19 on Wednesday. The company has a market cap of $19.08 billion, a PE ratio of 36.43, 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 quick ratio of 0.08 and a current ratio of 0.08. The firm’s 50 day moving average price is $158.72 and its 200-day moving average price is $157.48. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts’ consensus estimates 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, April 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.