Amundi Has $34.37 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Amundi increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,159 shares of the real estate investment trust’s stock after purchasing an additional 21,836 shares during the quarter. Amundi’s holdings in Mid-America Apartment Communities were worth $34,372,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities during the third quarter worth $25,000. Activest Wealth Management acquired a new position in Mid-America Apartment Communities during the third quarter worth $32,000. IFP Advisors Inc boosted its holdings in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 68 shares during the last quarter. Quarry LP acquired a new position in Mid-America Apartment Communities during the third quarter worth $45,000. Finally, UMB Bank n.a. boosted its holdings in Mid-America Apartment Communities by 30.5% during the fourth 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 and hedge funds own 93.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MAA shares. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Tuesday, December 17th. StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Scotiabank raised shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. Finally, Truist Financial upped their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average target price of $168.43.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $161.68 on Thursday. 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 cap of $18.90 billion, a price-to-earnings ratio of 36.09, a P/E/G ratio of 3.72 and a beta of 0.90. The firm’s 50-day simple moving average is $156.37 and its 200 day simple moving average is $157.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data 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 net margin of 24.03% and a return on equity of 8.53%. As a group, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Company 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.