Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 46.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,907 shares of the real estate investment trust’s stock after selling 20,716 shares during the quarter. Guggenheim Capital LLC’s holdings in Mid-America Apartment Communities were worth $3,695,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Mid-America Apartment Communities during the fourth quarter worth about $826,562,000. JPMorgan Chase & Co. grew its stake in shares of Mid-America Apartment Communities by 26.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust’s stock worth $517,015,000 after purchasing an additional 708,125 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $95,671,000. Aew Capital Management L P lifted its stake in Mid-America Apartment Communities by 516.3% during the fourth quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock valued at $97,533,000 after purchasing an additional 528,608 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Mid-America Apartment Communities by 200.5% during the fourth quarter. Russell Investments Group Ltd. now owns 455,640 shares of the real estate investment trust’s stock worth $70,300,000 after buying an additional 304,021 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities 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 sale, the chief executive officer now directly owns 319,813 shares of the company’s stock, valued at $47,949,563.09. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 7,140 shares of company stock worth $1,142,842. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MAA shares. Evercore ISI increased their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Raymond James increased 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 report 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 stock a “sector perform” rating in a report on Friday, February 7th. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Two 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and a consensus price target of $168.76.

Mid-America Apartment Communities Stock Up 2.1 %

MAA stock opened at $156.98 on Friday. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. The company has a 50-day moving average of $161.23 and a two-hundred day moving average of $157.05. Mid-America Apartment Communities, Inc. has a 52-week low of $125.17 and a 52-week 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.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 3.86%. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

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.