Barclays PLC Sells 87,207 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Barclays PLC lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 35.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 156,660 shares of the real estate investment trust's stock after selling 87,207 shares during the period. Barclays PLC owned about 0.13% of Mid-America Apartment Communities worth $24,215,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAA. Inspire Investing LLC raised its holdings in Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock valued at $1,233,000 after buying an additional 68 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 68 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Mid-America Apartment Communities by 0.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock worth $1,704,000 after purchasing an additional 69 shares during the last quarter. Huntington National Bank boosted its position in Mid-America Apartment Communities by 6.4% during the fourth quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock worth $181,000 after purchasing an additional 70 shares during the period. Finally, UMB Bank n.a. grew its holdings 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 purchasing an additional 75 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Price Performance

MAA stock traded down $0.13 during trading on Friday, hitting $159.33. The company had a trading volume of 72,535 shares, compared to its average volume of 868,984. The company has a market cap of $18.63 billion, a P/E ratio of 35.56, a P/E/G ratio of 3.72 and a beta of 0.79. The company has a fifty day moving average price of $161.34 and a two-hundred day moving average price of $157.13. Mid-America Apartment Communities, Inc. has a fifty-two week low of $126.77 and a fifty-two week high of $173.38. 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 (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.80%. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MAA. Barclays reduced their price objective on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. BMO Capital Markets decreased their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a report on Tuesday, January 21st. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Mizuho cut their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Finally, Evercore ISI raised their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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 company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the transaction, the chief executive officer now owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 7,140 shares of company stock worth $1,142,842. 1.30% of the stock is currently owned by 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.