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

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Inspire Investing LLC raised its stake in shares of Mid-America Apartment Communities by 0.9% in the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock worth $1,233,000 after purchasing an additional 68 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Mid-America Apartment Communities by 0.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after acquiring an additional 69 shares during the last quarter. Chesley Taft & Associates LLC increased its position in shares of Mid-America Apartment Communities by 1.6% during the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock valued at $746,000 after acquiring an additional 75 shares during the last quarter. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 75 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Mid-America Apartment Communities by 1.4% during the third quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust’s stock valued at $962,000 after acquiring an additional 82 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on MAA shares. Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $159.50 to $168.00 in a research report on Friday, January 24th. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Evercore ISI increased their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Finally, KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Moderate Buy” and an average target price of $167.00.

Mid-America Apartment Communities Price Performance

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 business has a fifty day moving average price of $153.29 and a 200-day moving average price of $156.25. 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 firm has a market capitalization of $18.78 billion, a P/E 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 EPS 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%. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed 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 a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.77%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 135.27%.

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.