Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,741 shares of the real estate investment trust’s stock after buying an additional 1,364 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Mid-America Apartment Communities were worth $1,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAA. Y Intercept Hong Kong Ltd purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth $2,890,000. Metis Global Partners LLC boosted its holdings in Mid-America Apartment Communities by 9.5% during the fourth quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust’s stock worth $2,670,000 after buying an additional 1,499 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Mid-America Apartment Communities by 2.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after buying an additional 4,301 shares during the period. Paradigm Asset Management Co. LLC increased its holdings in Mid-America Apartment Communities by 1,582.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 6,300 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 27.1% during the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock valued at $9,040,000 after acquiring an additional 12,454 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on MAA shares. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Barclays lifted their price target on Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company lowered their price objective 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. Raymond James lifted their target price on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Thursday, March 20th. Finally, Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $159.50 to $168.00 in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.90.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $165.93 on Friday. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. 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 has a 50 day moving average price of $159.61 and a 200 day moving average price of $157.57. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 3.72 and a beta of 0.90.

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 for the quarter, beating 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%. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.65%. Mid-America Apartment Communities’s dividend payout ratio is presently 135.27%.

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.