Jones Financial Companies Lllp Has $91,000 Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Jones Financial Companies Lllp boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 590 shares of the real estate investment trust’s stock after buying an additional 106 shares during the quarter. Jones Financial Companies Lllp’s holdings in Mid-America Apartment Communities were worth $91,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAA. Activest Wealth Management acquired a new stake in Mid-America Apartment Communities in the 3rd quarter valued at approximately $32,000. IFP Advisors Inc raised its position in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Quarry LP acquired a new stake in Mid-America Apartment Communities in the 3rd quarter valued at approximately $45,000. UMB Bank n.a. raised its position in Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 75 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MAA shares. Barclays raised their price target on Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Jefferies Financial Group upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and raised their price target for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Evercore ISI raised their price target on 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.43.

Mid-America Apartment Communities Stock Performance

MAA opened at $163.32 on Monday. The business has a fifty day simple moving average of $156.86 and a 200 day simple moving average of $157.44. The company has a market capitalization of $19.09 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

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

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.