Union Bancaire Privee UBP SA Takes $2.49 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Union Bancaire Privee UBP SA acquired a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 16,100 shares of the real estate investment trust’s stock, valued at approximately $2,489,000.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $25,000. Activest Wealth Management acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $32,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $37,000. Quarry LP acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $45,000. Finally, UMB Bank n.a. boosted its holdings in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.4 %

Shares of Mid-America Apartment Communities stock opened at $160.65 on Monday. Mid-America Apartment Communities, Inc. has a one year low of $123.23 and a one year high of $167.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The stock’s 50-day moving average is $153.29 and its 200 day moving average is $156.25. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 3.72 and a beta of 0.91.

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

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

Analyst Ratings Changes

MAA has been the topic of several recent research reports. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $159.50 to $168.00 in a report on Friday, January 24th. Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Barclays lifted their target price on Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Mizuho cut their target price on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

Mid-America Apartment Communities Company 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.