Dimensional Fund Advisors LP Has $244.80 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Dimensional Fund Advisors LP increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,716,628 shares of the real estate investment trust’s stock after purchasing an additional 97,672 shares during the quarter. Dimensional Fund Advisors LP owned about 1.47% of Mid-America Apartment Communities worth $244,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in Mid-America Apartment Communities by 17.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after buying an additional 393,067 shares during the last quarter. Blackstone Inc. boosted its holdings in Mid-America Apartment Communities by 1.0% in the fourth quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock valued at $277,507,000 after acquiring an additional 20,000 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Mid-America Apartment Communities by 1.5% in the first quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock worth $190,086,000 after purchasing an additional 21,000 shares during the period. Balyasny Asset Management L.P. raised its holdings in Mid-America Apartment Communities by 96.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock worth $164,085,000 after purchasing an additional 600,547 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Mid-America Apartment Communities by 3.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,065,351 shares of the real estate investment trust’s stock valued at $140,179,000 after purchasing an additional 35,313 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MAA. Scotiabank lifted their price target on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a research report on Monday. UBS Group upped their target price on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. The Goldman Sachs Group assumed coverage on Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price target on the stock. Wedbush lifted their price objective on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Mizuho increased their target price on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $159.91.

Mid-America Apartment Communities Stock Down 0.0 %

Mid-America Apartment Communities stock opened at $163.92 on Thursday. The company has a 50 day moving average of $152.47 and a 200-day moving average of $140.30. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $167.39. The stock has a market capitalization of $19.15 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.