Proficio Capital Partners LLC Invests $10.04 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Proficio Capital Partners LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 64,919 shares of the real estate investment trust’s stock, valued at approximately $10,035,000. Proficio Capital Partners LLC owned 0.06% of Mid-America Apartment Communities at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after buying an additional 65,696 shares during the period. Geode Capital Management LLC lifted its stake in shares of Mid-America Apartment Communities by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock worth $497,624,000 after acquiring an additional 48,168 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mid-America Apartment Communities by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,389,113 shares of the real estate investment trust’s stock valued at $214,715,000 after acquiring an additional 33,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Mid-America Apartment Communities by 516.4% in 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 acquiring an additional 899,960 shares during the last quarter. Finally, Aew Capital Management L P increased its stake in Mid-America Apartment Communities by 516.3% in the fourth quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock worth $97,533,000 after purchasing an additional 528,608 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $163.32 on Friday. The business’s 50-day moving average is $156.86 and its two-hundred day moving average is $157.47. The company has a market capitalization of $19.09 billion, a P/E ratio of 36.46, a P/E/G ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS 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%. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Analyst Ratings Changes

MAA has been the topic of a number of research analyst reports. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $173.00 to $182.00 in a report on Friday, February 14th. Barclays raised their target price on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a report on Tuesday, December 17th. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Evercore ISI upped their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Moderate Buy” and an average price target of $168.43.

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.