Meiji Yasuda Asset Management Co Ltd. Decreases Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Meiji Yasuda Asset Management Co Ltd. lessened its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,650 shares of the real estate investment trust’s stock after selling 100 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Mid-America Apartment Communities were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $2,890,000. Metis Global Partners LLC lifted its position in Mid-America Apartment Communities by 9.5% during the fourth quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust’s stock valued at $2,670,000 after acquiring an additional 1,499 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Mid-America Apartment Communities by 2.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock valued at $28,711,000 after acquiring an additional 4,301 shares in the last quarter. Paradigm Asset Management Co. LLC grew its holdings in Mid-America Apartment Communities by 1,582.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Capital Investment Advisors LLC increased 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 purchasing an additional 12,454 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Up 0.1 %

Shares of NYSE:MAA opened at $164.68 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $173.38. The business has a 50 day moving average of $159.30 and a two-hundred day moving average of $157.58. The company has a market capitalization of $19.25 billion, a PE ratio of 36.76, a PEG ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate 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%. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is currently 135.27%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MAA shares. Evercore ISI raised 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. Wells Fargo & Company lowered their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Truist Financial upped their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a report on Monday, March 10th. Royal Bank of Canada lifted their target price on shares of 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, Scotiabank raised shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Moderate Buy” and an average price target of $168.90.

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.