1,726 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,726 shares of the real estate investment trust's stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nissay Asset Management Corp Japan ADV lifted its position in Mid-America Apartment Communities by 1.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 31,066 shares of the real estate investment trust's stock valued at $4,776,000 after purchasing an additional 521 shares during the period. Nomura Holdings Inc. acquired a new stake in Mid-America Apartment Communities during the 4th quarter valued at $2,692,000. Nuveen Asset Management LLC raised its holdings in shares of Mid-America Apartment Communities by 39.4% in the fourth quarter. Nuveen Asset Management LLC now owns 707,776 shares of the real estate investment trust's stock worth $109,401,000 after acquiring an additional 200,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Mid-America Apartment Communities by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,201 shares of the real estate investment trust's stock worth $1,886,000 after purchasing an additional 530 shares in the last quarter. Finally, Lighthouse Investment Partners LLC boosted its stake in shares of Mid-America Apartment Communities by 16.9% during the 4th quarter. Lighthouse Investment Partners LLC now owns 81,835 shares of the real estate investment trust's stock worth $12,649,000 after purchasing an additional 11,835 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 0.5%

Shares of MAA traded down $0.81 during trading hours on Thursday, reaching $155.23. The company's stock had a trading volume of 123,191 shares, compared to its average volume of 858,266. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 3.72 and a beta of 0.80. The company has a 50 day moving average of $160.30 and a two-hundred day moving average of $158.25. Mid-America Apartment Communities, Inc. has a 1-year low of $126.77 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The business had revenue of $549.30 million during the quarter, compared to analysts' expectations of $551.21 million. During the same period in the previous year, the company earned $2.22 earnings per share. Mid-America Apartment Communities's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is 126.25%.

Insiders Place Their Bets

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, April 3rd. The stock was 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 directly owns 324,171 shares in the company, valued at $53,890,187.04. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Amber Fairbanks sold 173 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the transaction, the executive vice president now directly owns 3,012 shares in the company, valued at $502,552.20. This trade represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,313 shares of company stock worth $1,171,707 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MAA shares. Morgan Stanley raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Robert W. Baird raised their target price on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Barclays lifted their price objective on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Raymond James downgraded Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $185.00 to $175.00 in a report on Thursday, May 15th. Finally, Wells Fargo & Company decreased their price objective on shares of 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Hold" and a consensus target price of $169.41.

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.