Mid-America Apartment Communities, Inc. (NYSE:MAA) Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,589 shares of the real estate investment trust’s stock after purchasing an additional 191 shares during the period. PNC Financial Services Group Inc.’s holdings in Mid-America Apartment Communities were worth $2,255,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MAA. Ashton Thomas Securities LLC bought a new position in shares of Mid-America Apartment Communities during the third quarter worth about $25,000. Activest Wealth Management acquired a new stake in Mid-America Apartment Communities during the third quarter worth about $32,000. IFP Advisors Inc raised its stake in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 68 shares during the period. Quarry LP acquired a new stake in Mid-America Apartment Communities during the third quarter worth about $45,000. Finally, UMB Bank n.a. raised its stake in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 75 shares during the period. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAA. Evercore ISI increased their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research note on Tuesday, December 17th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. Finally, BMO Capital Markets dropped their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.43.

Mid-America Apartment Communities Price Performance

NYSE MAA opened at $163.32 on Friday. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month 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. The firm has a market capitalization of $19.09 billion, a PE ratio of 36.46, a P/E/G ratio of 3.72 and a beta of 0.90. The company’s 50 day simple moving average is $156.69 and its 200 day simple moving average is $157.45.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating 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%. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

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.