Truvestments Capital LLC Increases Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Truvestments Capital LLC raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,202 shares of the real estate investment trust’s stock after purchasing an additional 1,109 shares during the quarter. Mid-America Apartment Communities accounts for about 0.8% of Truvestments Capital LLC’s portfolio, making the stock its 29th largest position. Truvestments Capital LLC’s holdings in Mid-America Apartment Communities were worth $3,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Mid-America Apartment Communities in the third quarter worth approximately $25,000. Activest Wealth Management purchased a new stake in Mid-America Apartment Communities in the third quarter valued at $32,000. IFP Advisors Inc boosted its holdings in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Quarry LP acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth about $45,000. Finally, UMB Bank n.a. raised its position in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MAA shares. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $159.50 to $168.00 in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Barclays raised their price objective on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $190.00 in a report on Monday. Finally, Royal Bank of Canada boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.43.

Mid-America Apartment Communities Stock Down 1.4 %

NYSE MAA opened at $165.03 on Wednesday. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $173.38. The firm has a market capitalization of $19.29 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 3.72 and a beta of 0.90. The company has a fifty day moving average of $156.16 and a two-hundred day moving average of $157.33. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping 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, analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Profile

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.