Amundi Has $34.37 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Amundi raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 230,159 shares of the real estate investment trust’s stock after buying an additional 21,836 shares during the period. Amundi owned 0.20% of Mid-America Apartment Communities worth $34,372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities in the third quarter valued at about $25,000. Activest Wealth Management acquired a new position in Mid-America Apartment Communities in the third quarter valued at about $32,000. IFP Advisors Inc boosted its position in 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 valued at $39,000 after buying an additional 68 shares in the last quarter. Quarry LP acquired a new position in Mid-America Apartment Communities in the third quarter valued at about $45,000. Finally, UMB Bank n.a. raised its stake 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 acquiring an additional 75 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MAA shares. Barclays boosted their target price on shares of 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. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Scotiabank raised shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Truist Financial boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Evercore ISI boosted their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and a consensus price target of $168.43.

Mid-America Apartment Communities Stock Down 2.0 %

Mid-America Apartment Communities stock opened at $161.68 on Thursday. The stock has a market capitalization of $18.90 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $156.37 and a 200-day moving average of $157.39.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

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.