Capital International Inc. CA Purchases 28,889 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Capital International Inc. CA increased its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 98.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,278 shares of the real estate investment trust's stock after purchasing an additional 28,889 shares during the period. Capital International Inc. CA's holdings in Mid-America Apartment Communities were worth $9,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MAA. Capital World Investors boosted its position in shares of Mid-America Apartment Communities by 45.9% during the fourth quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust's stock worth $1,025,868,000 after buying an additional 2,088,143 shares during the period. Norges Bank bought a new stake in Mid-America Apartment Communities in the 4th quarter valued at approximately $826,562,000. JPMorgan Chase & Co. boosted its position in Mid-America Apartment Communities by 26.9% during 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 acquiring an additional 708,125 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mid-America Apartment Communities by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,193,188 shares of the real estate investment trust's stock worth $492,421,000 after acquiring an additional 52,050 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Mid-America Apartment Communities by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,656,669 shares of the real estate investment trust's stock valued at $410,641,000 after purchasing an additional 40,436 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded down $0.34 during trading on Friday, reaching $159.12. 99,306 shares of the stock were exchanged, compared to its average volume of 735,470. Mid-America Apartment Communities, Inc. has a 12 month low of $126.70 and a 12 month high of $173.38. The stock has a 50-day moving average price of $161.34 and a 200-day moving average price of $157.13. 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 market cap of $18.60 billion, a PE ratio of 35.53, a PEG ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities stock in a transaction on Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the completion of the transaction, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at $47,949,563.09. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 7,140 shares of company stock worth $1,142,842 in the last quarter. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Royal Bank of Canada lifted their target price 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. 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. Finally, Barclays decreased their price target on 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $168.76.

About Mid-America Apartment Communities

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.