Victory Capital Management Inc. Grows Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Victory Capital Management Inc. lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 45.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,434 shares of the real estate investment trust’s stock after purchasing an additional 19,548 shares during the period. Victory Capital Management Inc. owned 0.05% of Mid-America Apartment Communities worth $9,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAA. Y Intercept Hong Kong Ltd purchased a new position in Mid-America Apartment Communities during the third quarter valued at approximately $2,890,000. Metis Global Partners LLC increased its stake in Mid-America Apartment Communities by 9.5% in the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust’s stock worth $2,670,000 after buying an additional 1,499 shares in the last quarter. Swedbank AB lifted its position in shares of Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock valued at $32,350,000 after acquiring an additional 5,178 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Mid-America Apartment Communities by 2.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after acquiring an additional 4,301 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $4,304,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.2 %

NYSE MAA opened at $161.48 on Friday. The company has a market capitalization of $18.88 billion, a P/E ratio of 36.04, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. The company’s 50 day simple moving average is $156.51 and its 200 day simple moving average is $157.42. 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 earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MAA shares. Wells Fargo & Company cut their target price on shares of 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. BMO Capital Markets cut their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. 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 report on Monday. Finally, StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average target price 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.