Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by Investure LLC

Investure LLC lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,688 shares of the real estate investment trust’s stock after acquiring an additional 17,618 shares during the quarter. Mid-America Apartment Communities accounts for 1.3% of Investure LLC’s holdings, making the stock its 6th biggest position. Investure LLC’s holdings in Mid-America Apartment Communities were worth $21,746,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MAA. IFP Advisors Inc increased its holdings in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Headlands Technologies LLC purchased a new position in Mid-America Apartment Communities in the fourth quarter valued at $46,000. UMB Bank n.a. increased its holdings in Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 75 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Mid-America Apartment Communities by 57.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 133 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $63,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.6 %

Shares of MAA opened at $153.89 on Thursday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $161.21 and a 200 day moving average price of $157.06. Mid-America Apartment Communities, Inc. has a 12-month low of $123.84 and a 12-month high of $173.38. The firm has a market capitalization of $17.99 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly 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 net margin of 24.03% and a return on equity of 8.53%. Sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on MAA shares. Raymond James lifted their price target on 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. Royal Bank of Canada boosted 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. JMP Securities reiterated a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Scotiabank raised shares of 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 note on Friday, February 14th. Finally, Truist Financial upped their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.76.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following the completion of the sale, the chief executive officer now directly owns 319,813 shares of the company’s stock, valued at approximately $47,949,563.09. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 7,140 shares of company stock worth $1,142,842 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Mid-America Apartment Communities 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.