Truvestments Capital LLC Grows Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Truvestments Capital LLC lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,202 shares of the real estate investment trust’s stock after acquiring an additional 1,109 shares during the period. Mid-America Apartment Communities makes up about 0.8% of Truvestments Capital LLC’s holdings, making the stock its 29th largest holding. Truvestments Capital LLC’s holdings in Mid-America Apartment Communities were worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its stake in Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after buying an additional 65,696 shares during the period. Geode Capital Management LLC raised its position in Mid-America Apartment Communities by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock valued at $497,624,000 after purchasing an additional 48,168 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Mid-America Apartment Communities by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,389,113 shares of the real estate investment trust’s stock worth $214,715,000 after buying an additional 33,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Mid-America Apartment Communities by 516.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock worth $170,694,000 after buying an additional 899,960 shares during the period. Finally, Aew Capital Management L P increased its holdings in shares of Mid-America Apartment Communities by 516.3% in the fourth quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock worth $97,533,000 after buying an additional 528,608 shares during the period. 93.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MAA. Wells Fargo & Company decreased their price objective on 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. Evercore ISI boosted their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and boosted their price target for the company from $148.00 to $190.00 in a report on Monday. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Mizuho decreased their target price on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.43.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $165.03 on Wednesday. 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 business’s 50-day simple moving average is $156.16 and its two-hundred day simple moving average is $157.33. The stock has a market cap of $19.29 billion, a PE ratio of 36.84, a P/E/G 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 posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts’ consensus estimates 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 EPS 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.