Aew Capital Management L P Boosts Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Aew Capital Management L P grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 516.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 630,994 shares of the real estate investment trust’s stock after buying an additional 528,608 shares during the period. Mid-America Apartment Communities makes up 4.7% of Aew Capital Management L P’s holdings, making the stock its 7th biggest position. Aew Capital Management L P’s holdings in Mid-America Apartment Communities were worth $97,533,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its position in Mid-America Apartment Communities by 0.9% during the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock worth $1,233,000 after buying an additional 68 shares during the period. IFP Advisors Inc increased its position in shares of Mid-America Apartment Communities by 37.2% in the fourth 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 period. Sanctuary Advisors LLC increased its position in shares of Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 69 shares during the period. Chesley Taft & Associates LLC increased its position in shares of 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 purchasing an additional 75 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 75 shares during the period. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $168.29 on Friday. The business’s 50-day moving average price is $154.16 and its 200-day moving average price is $156.53. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $169.05. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 3.72 and a beta of 0.91. 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) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating 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%. Equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s payout ratio is currently 135.27%.

Analyst Ratings Changes

A number of brokerages recently commented on MAA. Evercore ISI raised their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Wells Fargo & Company decreased their price target on 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. JMP Securities restated a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

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.