Tredje AP fonden Decreases Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Tredje AP fonden reduced its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 50.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,253 shares of the real estate investment trust’s stock after selling 9,253 shares during the quarter. Tredje AP fonden’s holdings in Mid-America Apartment Communities were worth $1,430,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAA. Ashton Thomas Securities LLC purchased a new stake in Mid-America Apartment Communities during the third quarter worth approximately $25,000. Activest Wealth Management purchased a new stake in Mid-America Apartment Communities during the third quarter worth approximately $32,000. IFP Advisors Inc grew 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 worth $39,000 after buying an additional 68 shares during the period. Quarry LP purchased a new stake in Mid-America Apartment Communities during the third quarter worth approximately $45,000. Finally, UMB Bank n.a. grew its stake 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 worth $50,000 after buying an additional 75 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Up 1.0 %

Shares of NYSE:MAA opened at $163.32 on Friday. The stock 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. Mid-America Apartment Communities, Inc. has a 1-year low of $123.73 and a 1-year high of $173.38. The company’s fifty day moving average is $156.69 and its two-hundred day moving average is $157.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last issued its 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 net margin of 24.03% and a return on equity of 8.53%. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Analyst Ratings Changes

MAA has been the subject of several research reports. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Evercore ISI upped their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research note on Tuesday, December 17th. Mizuho decreased 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 research note on Monday, January 6th. Finally, Truist Financial upped their target price on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, March 10th. One 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 given a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.43.

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.