Bank Julius Baer & Co. Ltd Zurich Lowers Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 83.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 462 shares of the real estate investment trust’s stock after selling 2,368 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Mid-America Apartment Communities were worth $79,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MAA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 valued at $170,694,000 after buying an additional 899,960 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Mid-America Apartment Communities during the 4th quarter valued at approximately $95,671,000. Aew Capital Management L P raised its stake in Mid-America Apartment Communities by 516.3% during the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock valued at $97,533,000 after purchasing an additional 528,608 shares during the period. KBC Group NV raised its stake in Mid-America Apartment Communities by 830.8% during the 3rd quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock valued at $19,987,000 after purchasing an additional 112,271 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in Mid-America Apartment Communities by 2,378.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 84,339 shares of the real estate investment trust’s stock valued at $13,401,000 after purchasing an additional 80,936 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAA has been the topic of several recent analyst reports. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Evercore ISI lifted their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price objective on 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. Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Finally, Truist Financial lifted their price objective on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.43.

Mid-America Apartment Communities Price Performance

MAA opened at $165.03 on Wednesday. The business has a fifty day moving average of $156.16 and a 200 day moving average of $157.33. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $173.38. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market cap of $19.29 billion, a P/E ratio of 36.84, a PEG ratio of 3.72 and a beta of 0.90.

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