Duality Advisers LP Trims Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Duality Advisers LP lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 75.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,080 shares of the real estate investment trust’s stock after selling 9,487 shares during the quarter. Duality Advisers LP’s holdings in Mid-America Apartment Communities were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. boosted its stake in Mid-America Apartment Communities by 22.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 463 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 84 shares during the last quarter. First Financial Corp IN grew its position in shares of Mid-America Apartment Communities by 40.8% during the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 86 shares in the last quarter. Blue Trust Inc. boosted its holdings in Mid-America Apartment Communities by 22.8% in the fourth quarter. Blue Trust Inc. now owns 511 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 95 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in shares of Mid-America Apartment Communities by 0.6% in the fourth quarter. Oakworth Capital Inc. now owns 15,212 shares of the real estate investment trust’s stock valued at $2,045,000 after acquiring an additional 98 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of Mid-America Apartment Communities by 3.4% in the fourth quarter. Diversified Trust Co now owns 3,079 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.9 %

Shares of MAA opened at $127.20 on Friday. The business’s fifty day moving average price is $129.10 and its two-hundred day moving average price is $128.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.88 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.37 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.93). The business had revenue of $542.25 million for the quarter, compared to analyst estimates of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.32 EPS. On average, analysts predict that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 124.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAA shares. Royal Bank of Canada restated a “sector perform” rating and set a $136.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Mid-America Apartment Communities in a research note on Tuesday, January 30th. They issued a “hold” rating and a $139.00 price target on the stock. Scotiabank upgraded Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the stock from $133.00 to $147.00 in a report on Tuesday, January 16th. Morgan Stanley raised their price objective on Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Finally, Mizuho dropped their target price on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and an average price target of $143.18.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the transaction, the chief executive officer now owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 2,807 shares of company stock valued at $353,955 over the last 90 days. 1.30% of the stock is currently owned by insiders.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.