Mitsubishi UFJ Asset Management Co. Ltd. Purchases 27,087 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 264,437 shares of the real estate investment trust’s stock after purchasing an additional 27,087 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Mid-America Apartment Communities were worth $41,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Quarry LP bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth $45,000. 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 purchasing an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Mid-America Apartment Communities by 57.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 133 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Mid-America Apartment Communities during the third quarter valued at $63,000. Institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MAA. JMP Securities reissued a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Raymond James increased their price objective on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Thursday, March 20th. Wells Fargo & Company dropped their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Finally, Evercore ISI lifted their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.90.

Mid-America Apartment Communities Trading Up 0.4 %

Shares of MAA stock opened at $165.93 on Friday. 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 stock has a fifty day simple moving average of $159.61 and a two-hundred day simple moving average of $157.57. The firm has a market capitalization of $19.40 billion, a PE ratio of 37.04, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $173.38.

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

Mid-America Apartment Communities Dividend Announcement

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

Mid-America Apartment Communities 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.