Long Pond Capital LP Has $105.98 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Long Pond Capital LP decreased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 685,611 shares of the real estate investment trust’s stock after selling 31,466 shares during the quarter. Mid-America Apartment Communities accounts for about 5.4% of Long Pond Capital LP’s investment portfolio, making the stock its 6th biggest position. Long Pond Capital LP’s holdings in Mid-America Apartment Communities were worth $105,975,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Metis Global Partners LLC raised its stake in shares of 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 valued at $2,670,000 after buying an additional 1,499 shares in the last quarter. Paradigm Asset Management Co. LLC raised its position in Mid-America Apartment Communities by 1,582.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 6,300 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in Mid-America Apartment Communities by 27.1% during the fourth quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after purchasing an additional 12,454 shares during the period. Principal Financial Group Inc. boosted its holdings in Mid-America Apartment Communities by 31.6% during the fourth quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust’s stock valued at $29,280,000 after purchasing an additional 45,519 shares in the last quarter. Finally, Vert Asset Management LLC boosted its holdings in Mid-America Apartment Communities by 9.6% during the fourth quarter. Vert Asset Management LLC now owns 51,374 shares of the real estate investment trust’s stock valued at $7,941,000 after purchasing an additional 4,499 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MAA. Evercore ISI raised their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Jefferies Financial Group upgraded 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. Raymond James boosted their target price on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 20th. StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Royal Bank of Canada boosted their price target on shares of 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.76.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $153.89 on Thursday. Mid-America Apartment Communities, Inc. has a 52 week low of $123.84 and a 52 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. The stock has a market capitalization of $17.99 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.72 and a beta of 0.79. The firm has a fifty day moving average of $161.21 and a two-hundred day moving average of $157.06.

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 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%. As a group, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following the completion of the sale, the chief executive officer now owns 324,171 shares in the company, valued at $53,890,187.04. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 7,140 shares of company stock valued at $1,142,842. Corporate insiders own 1.30% of the company’s stock.

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.