Sei Investments Co. Purchases 148,662 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Sei Investments Co. increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 535.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,442 shares of the real estate investment trust’s stock after acquiring an additional 148,662 shares during the period. Sei Investments Co.’s holdings in Mid-America Apartment Communities were worth $27,273,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MAA. IFP Advisors Inc grew its stake in shares of Mid-America Apartment Communities by 37.2% during the 4th 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 during the period. Quarry LP bought a new stake in Mid-America Apartment Communities during the third quarter valued at approximately $45,000. UMB Bank n.a. increased its holdings 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 buying an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in 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 acquiring an additional 133 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.3 %

Shares of NYSE:MAA opened at $163.19 on Wednesday. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $158.72 and a 200 day moving average price of $157.48.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of recent research reports. Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $173.00 to $182.00 in a report on Friday, February 14th. 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 research note on Friday, January 24th. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. BMO Capital Markets lowered their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, nine have assigned 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.90.

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.