Securian Asset Management Inc. Sells 200 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Securian Asset Management Inc. lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 6,123 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Securian Asset Management Inc.’s holdings in Mid-America Apartment Communities were worth $946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MAA. Activest Wealth Management purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $32,000. IFP Advisors Inc boosted its stake in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Quarry LP purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $45,000. UMB Bank n.a. boosted its stake 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 acquiring an additional 75 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 57.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

MAA opened at $163.32 on Friday. The business has a fifty day moving average of $156.86 and a 200 day moving average of $157.47. 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 $19.09 billion, a P/E ratio of 36.46, 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, beating 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%. As a group, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MAA. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Evercore ISI lifted their target price on shares of 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. JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and lifted their target price for the company from $148.00 to $190.00 in a research note on Monday, March 10th. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.43.

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.