First National Bank of Hutchinson Purchases 162 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

First National Bank of Hutchinson raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,633 shares of the real estate investment trust’s stock after acquiring an additional 162 shares during the period. First National Bank of Hutchinson’s holdings in Mid-America Apartment Communities were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after purchasing an additional 65,696 shares in the last quarter. Geode Capital Management LLC increased its stake in Mid-America Apartment Communities by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock worth $497,624,000 after acquiring an additional 48,168 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Mid-America Apartment Communities by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,389,113 shares of the real estate investment trust’s stock valued at $214,715,000 after purchasing an additional 33,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Mid-America Apartment Communities by 516.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock valued at $170,694,000 after purchasing an additional 899,960 shares during the last quarter. Finally, Aew Capital Management L P boosted its holdings in shares of Mid-America Apartment Communities by 516.3% in the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock worth $97,533,000 after purchasing an additional 528,608 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays increased their price target on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their target price for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Mizuho dropped their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Evercore ISI increased their price objective on shares of 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, Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $173.00 to $182.00 in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.43.

Mid-America Apartment Communities Trading Down 0.3 %

NYSE MAA opened at $161.76 on Thursday. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The company’s 50-day simple moving average is $157.68 and its two-hundred day simple moving average is $157.49.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) 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%. Equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is 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.