Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Holdings Lifted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,623 shares of the real estate investment trust’s stock after buying an additional 345 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Mid-America Apartment Communities were worth $576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities in the third quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new position in Mid-America Apartment Communities during the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc grew its stake in Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares during the last quarter. UMB Bank n.a. lifted its stake in Mid-America Apartment Communities by 82.4% in the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the third quarter valued at $37,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 0.5 %

Shares of NYSE MAA opened at $158.09 on Friday. The business has a fifty day simple moving average of $157.27 and a 200-day simple moving average of $148.15. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 35.69, a P/E/G ratio of 2.60 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 12 month low of $120.32 and a 12 month high of $167.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the previous year, the business earned $2.29 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $1.47 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.72%. Mid-America Apartment Communities’s payout ratio is currently 132.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. BNP Paribas began coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price target for the company. StockNews.com cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group assumed coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price objective for the company. Finally, Wells Fargo & Company raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $138.00 to $174.00 in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and a consensus price target of $161.64.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.