Caisse DE Depot ET Placement DU Quebec Purchases New Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 41,000 shares of the real estate investment trust’s stock, valued at approximately $6,515,000.

Several other large investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Mid-America Apartment Communities by 516.4% during 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 worth $170,694,000 after acquiring an additional 899,960 shares in the last quarter. Duquesne Family Office LLC acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $91,868,000. Long Pond Capital LP lifted its holdings in shares of Mid-America Apartment Communities by 550.9% in the 2nd quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust’s stock valued at $92,270,000 after purchasing an additional 547,607 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mid-America Apartment Communities by 17.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after purchasing an additional 393,067 shares during the period. Finally, Ceredex Value Advisors LLC grew its stake in Mid-America Apartment Communities by 107.1% during the 2nd quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust’s stock worth $94,424,000 after buying an additional 342,335 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $162.40 on Tuesday. The firm’s fifty day simple moving average is $156.72 and its 200-day simple moving average is $150.11. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market cap of $18.98 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.64 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a fifty-two week low of $121.51 and a fifty-two week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the previous year, the company posted $2.29 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.62%. Mid-America Apartment Communities’s dividend payout ratio is presently 132.73%.

Analyst Ratings Changes

A number of brokerages have weighed in on MAA. Deutsche Bank Aktiengesellschaft boosted their price objective on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. BNP Paribas started coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price objective on the stock. StockNews.com downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and an average target price of $162.68.

Mid-America Apartment Communities Profile

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.