Meiji Yasuda Asset Management Co Ltd. Cuts Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,650 shares of the real estate investment trust’s stock after selling 100 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Mid-America Apartment Communities were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MAA. Y Intercept Hong Kong Ltd purchased a new position in Mid-America Apartment Communities in the 3rd quarter worth approximately $2,890,000. Metis Global Partners LLC raised its position in shares of Mid-America Apartment Communities by 9.5% during the fourth quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust’s stock valued at $2,670,000 after buying an additional 1,499 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Mid-America Apartment Communities by 2.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after buying an additional 4,301 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its position in shares of Mid-America Apartment Communities by 1,582.9% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its stake in Mid-America Apartment Communities by 27.1% during the fourth quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock valued at $9,040,000 after acquiring an additional 12,454 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho decreased their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Evercore ISI raised 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. Royal Bank of Canada upped their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $173.00 to $182.00 in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.90.

Mid-America Apartment Communities Trading Up 0.1 %

Shares of NYSE MAA opened at $164.68 on Friday. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The firm has a market cap of $19.25 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The business has a fifty day simple moving average of $159.30 and a two-hundred day simple moving average of $157.58. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data 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 return on equity of 8.53% and a net margin of 24.03%. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $1.515 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.68%. Mid-America Apartment Communities’s payout ratio is presently 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.