Choreo LLC Acquires 650 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Choreo LLC raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 40.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,247 shares of the real estate investment trust’s stock after purchasing an additional 650 shares during the quarter. Choreo LLC’s holdings in Mid-America Apartment Communities were worth $344,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth $2,890,000. Swedbank AB raised its position in shares of Mid-America Apartment Communities by 2.6% during the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock worth $32,350,000 after acquiring an additional 5,178 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Mid-America Apartment Communities by 2.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after acquiring an additional 4,301 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth $4,304,000. Finally, Capital Investment Advisors LLC raised its position in shares of Mid-America Apartment Communities by 27.1% during the fourth quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after acquiring an additional 12,454 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of recent research reports. Barclays dropped their target price on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. KeyCorp upgraded 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 report on Tuesday, December 17th. Evercore ISI lifted 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 note on Monday. Royal Bank of Canada lifted their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $166.00.

Mid-America Apartment Communities Trading Up 0.7 %

Shares of NYSE:MAA opened at $156.92 on Friday. The company has a market capitalization of $18.34 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.56 and a beta of 0.91. Mid-America Apartment Communities, Inc. has a 1 year low of $123.23 and a 1 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 0.09. The business’s 50 day simple moving average is $153.31 and its 200 day simple moving average is $155.60.

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, 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%. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.86 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 135.27%.

About Mid-America Apartment Communities

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.