Balyasny Asset Management L.P. Decreases Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Balyasny Asset Management L.P. lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 68.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,436 shares of the real estate investment trust's stock after selling 282,582 shares during the quarter. Balyasny Asset Management L.P. owned about 0.11% of Mid-America Apartment Communities worth $20,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. IFP Advisors Inc grew 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 worth $39,000 after acquiring an additional 68 shares during the period. Headlands Technologies LLC bought a new position in Mid-America Apartment Communities in the fourth quarter worth $46,000. UMB Bank n.a. lifted its position in Mid-America Apartment Communities by 30.5% during 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 during the period. Catalyst Capital Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities by 57.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 133 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth about $63,000. 93.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MAA shares. StockNews.com upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Wednesday, April 23rd. JMP Securities restated a "market outperform" rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. BMO Capital Markets lowered their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research note on Tuesday, January 21st. Truist Financial increased their target price on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Finally, Robert W. Baird raised their price target on Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.00.

Insiders Place Their Bets

In other news, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total value of $28,865.05. Following the completion of the transaction, the executive vice president now owns 3,012 shares of the company's stock, valued at $502,552.20. This represents a 5.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,313 shares of company stock worth $1,171,707. Company insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA traded up $1.30 during trading hours on Friday, hitting $162.96. 632,833 shares of the company's stock traded hands, compared to its average volume of 734,527. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52 week low of $126.77 and a 52 week high of $173.38. The firm has a market capitalization of $19.08 billion, a P/E ratio of 36.38, a P/E/G ratio of 3.72 and a beta of 0.80. The business's fifty day moving average price is $161.03 and its two-hundred day moving average price is $157.83.

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

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.72%. The ex-dividend date was Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is 126.25%.

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.