Wealthfront Advisers LLC Has $982,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Wealthfront Advisers LLC trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,352 shares of the real estate investment trust’s stock after selling 3,724 shares during the quarter. Wealthfront Advisers LLC’s holdings in Mid-America Apartment Communities were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. River Road Asset Management LLC raised its stake in Mid-America Apartment Communities by 23.4% during the 4th quarter. River Road Asset Management LLC now owns 441,860 shares of the real estate investment trust’s stock valued at $68,298,000 after purchasing an additional 83,926 shares during the last quarter. Independent Advisor Alliance raised its stake in Mid-America Apartment Communities by 17.6% during the 4th quarter. Independent Advisor Alliance now owns 2,327 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 349 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in Mid-America Apartment Communities by 4.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 7,163 shares of the real estate investment trust’s stock valued at $1,107,000 after purchasing an additional 307 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Mid-America Apartment Communities by 1.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 55,448 shares of the real estate investment trust’s stock valued at $8,571,000 after purchasing an additional 645 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mid-America Apartment Communities by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,482 shares of the real estate investment trust’s stock valued at $22,796,000 after purchasing an additional 27,392 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on MAA shares. JMP Securities reiterated a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their target price for the company from $148.00 to $190.00 in a research note on Monday, March 10th. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. BMO Capital Markets dropped their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Finally, Evercore ISI increased their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Moderate Buy” and an average target price of $168.43.

Mid-America Apartment Communities Stock Up 1.0 %

Shares of NYSE MAA opened at $163.32 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a market cap of $19.09 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. The stock has a 50-day moving average price of $156.86 and a two-hundred day moving average price of $157.47.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS 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%. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

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.