Columbus Macro LLC Has $6.97 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Columbus Macro LLC lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 441.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,085 shares of the real estate investment trust’s stock after buying an additional 36,755 shares during the period. Columbus Macro LLC’s holdings in Mid-America Apartment Communities were worth $6,969,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAA. Y Intercept Hong Kong Ltd bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth $2,890,000. Swedbank AB raised its position in Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock worth $32,350,000 after acquiring an additional 5,178 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Mid-America Apartment Communities by 2.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after purchasing an additional 4,301 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Mid-America Apartment Communities in the third quarter worth about $4,304,000. Finally, Capital Investment Advisors LLC boosted its position in shares of Mid-America Apartment Communities by 27.1% in the fourth quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after purchasing an additional 12,454 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MAA shares. Scotiabank dropped their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Mizuho decreased their price objective 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. BMO Capital Markets reduced their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price for the company in a research report on Monday, October 21st. Finally, Evercore ISI initiated coverage on shares of Mid-America Apartment Communities in a research report on Friday, January 24th. They issued an “inline” rating and a $155.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $166.00.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $152.72 on Tuesday. The company has a fifty day simple moving average of $154.23 and a 200 day simple moving average of $155.01. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities, Inc. has a 12-month low of $121.51 and a 12-month high of $167.39. The company has a market cap of $17.85 billion, a P/E ratio of 34.47, a PEG ratio of 2.46 and a beta of 0.91.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.97%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is presently 136.79%.

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.