Handelsbanken Fonder AB Buys 2,919 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Handelsbanken Fonder AB increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,790 shares of the real estate investment trust’s stock after buying an additional 2,919 shares during the quarter. Handelsbanken Fonder AB owned 0.08% of Mid-America Apartment Communities worth $14,033,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Ieq Capital LLC grew its holdings in Mid-America Apartment Communities by 3.9% during the fourth quarter. Ieq Capital LLC now owns 3,875 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 145 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Mid-America Apartment Communities by 108.4% during the fourth quarter. Venturi Wealth Management LLC now owns 544 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 283 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Mid-America Apartment Communities by 9.1% during the fourth quarter. D.A. Davidson & CO. now owns 2,507 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 210 shares in the last quarter. CIBC Asset Management Inc boosted its position in Mid-America Apartment Communities by 4.6% in the fourth quarter. CIBC Asset Management Inc now owns 18,351 shares of the real estate investment trust’s stock worth $2,837,000 after purchasing an additional 805 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

MAA has been the topic of several research analyst reports. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Scotiabank raised 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 report on Friday, February 14th. JMP Securities reissued a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Evercore ISI boosted their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Mizuho cut their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $160.65 on Friday. 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, Inc. has a 52-week low of $123.23 and a 52-week high of $167.39. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 3.66 and a beta of 0.91. The business’s fifty day moving average is $153.29 and its 200 day moving average is $156.18.

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 (EPS) for the quarter, beating 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%. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business 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 represents a $6.06 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s payout ratio is presently 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.