Public Employees Retirement Association of Colorado Boosts Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Public Employees Retirement Association of Colorado grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) by 214.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,328 shares of the real estate investment trust’s stock after buying an additional 6,362 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Mid-America Apartment Communities were worth $1,254,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. 1832 Asset Management L.P. increased its holdings in Mid-America Apartment Communities by 103.1% in the 4th quarter. 1832 Asset Management L.P. now owns 1,030,038 shares of the real estate investment trust’s stock valued at $138,499,000 after purchasing an additional 522,851 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Mid-America Apartment Communities by 159.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock worth $3,531,000 after buying an additional 16,144 shares during the period. Royal London Asset Management Ltd. grew its stake in shares of Mid-America Apartment Communities by 12.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 44,464 shares of the real estate investment trust’s stock valued at $5,979,000 after buying an additional 4,861 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Mid-America Apartment Communities by 20.1% during the 4th quarter. Rafferty Asset Management LLC now owns 15,653 shares of the real estate investment trust’s stock valued at $2,105,000 after buying an additional 2,615 shares during the period. Finally, NEOS Investment Management LLC acquired a new position in Mid-America Apartment Communities during the 4th quarter worth approximately $222,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $138.57 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $158.46. The company has a fifty day moving average price of $131.93 and a two-hundred day moving average price of $130.68. The company has a market cap of $16.19 billion, a PE ratio of 29.05, a P/E/G ratio of 3.05 and a beta of 0.84.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($1.01). The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $2.28 earnings per share. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.87 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, July 12th. Mid-America Apartment Communities’s payout ratio is 123.27%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MAA shares. Morgan Stanley increased their price objective on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 15th. Mizuho lifted their price target on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Piper Sandler reiterated a “neutral” rating and issued a $140.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. UBS Group raised their target price on Mid-America Apartment Communities from $126.00 to $131.00 and gave the company a “sell” rating in a research note on Tuesday, May 14th. Finally, Wedbush upgraded Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $135.00 to $154.00 in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $141.47.

Check Out Our Latest Stock Analysis on Mid-America Apartment Communities

Insider Activity at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the completion of the transaction, the chief executive officer now directly owns 317,737 shares in the company, valued at approximately $40,057,103.59. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 2,807 shares of company stock worth $353,955 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Company Profile

(Free Report)

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.

Featured Stories

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.