Hudson Bay Capital Management LP Buys Shares of 50,853 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Hudson Bay Capital Management LP bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,853 shares of the real estate investment trust’s stock, valued at approximately $7,860,000.

Other hedge funds have also added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in Mid-America Apartment Communities by 9.5% during 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 grew its holdings in Mid-America Apartment Communities by 1,582.9% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 6,300 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Mid-America Apartment Communities by 27.1% during the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock valued at $9,040,000 after buying an additional 12,454 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Mid-America Apartment Communities by 31.6% during the 4th quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust’s stock valued at $29,280,000 after buying an additional 45,519 shares in the last quarter. Finally, Vert Asset Management LLC boosted its position in shares of Mid-America Apartment Communities by 9.6% during the 4th quarter. Vert Asset Management LLC now owns 51,374 shares of the real estate investment trust’s stock valued at $7,941,000 after acquiring an additional 4,499 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $162.96 on Monday. The business has a 50 day moving average of $161.03 and a 200 day moving average of $157.84. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 1-year low of $126.77 and a 1-year high of $176.02. 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 announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The firm had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. During the same quarter in the previous year, the company posted $2.22 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a $1.515 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.72%. Mid-America Apartment Communities’s payout ratio is currently 126.25%.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the completion of the sale, the chief executive officer now owns 319,813 shares in the company, valued at approximately $47,949,563.09. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Amber Fairbanks sold 173 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $166.85, for a total value of $28,865.05. Following the completion of the sale, the executive vice president now owns 3,012 shares of the company’s stock, valued at $502,552.20. The trade was a 5.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,313 shares of company stock worth $1,171,707. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

MAA has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price target 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. Barclays lifted their price target on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an “equal weight” rating in a research report on Friday. Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $173.00 to $182.00 in a research report on Friday, February 14th. Wells Fargo & Company dropped 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 report on Friday, January 24th. Finally, Royal Bank of Canada lifted their price target 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.00.

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.