Elo Mutual Pension Insurance Co Raises Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Elo Mutual Pension Insurance Co boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,571 shares of the real estate investment trust’s stock after buying an additional 909 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Mid-America Apartment Communities were worth $1,650,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Johnson Investment Counsel Inc. boosted its position in shares of Mid-America Apartment Communities by 1.1% during the second quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust’s stock worth $996,000 after buying an additional 77 shares during the period. Telos Capital Management Inc. grew its position in Mid-America Apartment Communities by 0.8% in the 2nd quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust’s stock valued at $1,437,000 after acquiring an additional 78 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Mid-America Apartment Communities by 5.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 90 shares during the period. Covestor Ltd lifted its position in shares of Mid-America Apartment Communities by 12.3% during the first quarter. Covestor Ltd now owns 848 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 93 shares in the last quarter. Finally, Czech National Bank boosted its stake in shares of Mid-America Apartment Communities by 0.5% in the first quarter. Czech National Bank now owns 20,536 shares of the real estate investment trust’s stock valued at $2,702,000 after purchasing an additional 99 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MAA. BNP Paribas started coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They set a “neutral” rating and a $169.00 target price on the stock. Wedbush increased their price objective on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Scotiabank boosted their price objective on Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $159.91.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $162.46 on Friday. The firm has a fifty day moving average price of $153.86 and a 200 day moving average price of $140.86. The stock has a market cap of $18.98 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $167.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12.

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.