HighTower Advisors LLC Acquires 511 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

HighTower Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 100,439 shares of the real estate investment trust’s stock after buying an additional 511 shares during the period. HighTower Advisors LLC’s holdings in Mid-America Apartment Communities were worth $15,525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $32,000. IFP Advisors Inc raised its stake in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Quarry LP bought a new position in Mid-America Apartment Communities during the third quarter valued at $45,000. UMB Bank n.a. lifted its position in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 75 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $159.50 to $168.00 in a research report on Friday, January 24th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price objective for the company from $148.00 to $190.00 in a research report on Monday, March 10th. Mizuho lowered their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Evercore ISI raised 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 report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.43.

Mid-America Apartment Communities Trading Up 1.0 %

NYSE MAA opened at $163.32 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 company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The company’s 50-day simple moving average is $156.86 and its two-hundred day simple moving average is $157.47. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38.

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 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%. Equities 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.