Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Capital World Investors

Capital World Investors lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 45.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,636,915 shares of the real estate investment trust's stock after purchasing an additional 2,088,143 shares during the period. Capital World Investors owned about 5.68% of Mid-America Apartment Communities worth $1,025,868,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC raised its holdings in shares of Mid-America Apartment Communities by 0.9% in the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock worth $1,233,000 after acquiring an additional 68 shares during the last quarter. IFP Advisors Inc boosted its stake 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 purchasing an additional 68 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Mid-America Apartment Communities by 0.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock worth $1,704,000 after buying an additional 69 shares in the last quarter. Huntington National Bank raised its position in shares of Mid-America Apartment Communities by 6.4% in the fourth quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock valued at $181,000 after buying an additional 70 shares during the last quarter. Finally, Chesley Taft & Associates LLC lifted its stake in shares of Mid-America Apartment Communities by 1.6% during the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock valued at $746,000 after buying an additional 75 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

MAA stock traded down $0.34 during trading on Friday, hitting $159.12. 99,306 shares of the company's stock traded hands, compared to its average volume of 735,470. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 52 week low of $126.70 and a 52 week high of $173.38. The stock has a fifty day moving average price of $161.34 and a two-hundred day moving average price of $157.13. The company has a quick ratio of 0.08, a current 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 quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating 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%. As a group, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $1.515 per share. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.81%. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 324,171 shares of the company's stock, valued at $53,890,187.04. This represents a 1.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 7,140 shares of company stock valued at $1,142,842 in the last quarter. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

MAA has been the subject of several analyst reports. Royal Bank of Canada boosted their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Barclays reduced their target price on Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Raymond James boosted their price objective on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Thursday, March 20th. JMP Securities reiterated a "market outperform" rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Finally, Truist Financial increased their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of "Moderate Buy" and an average price target of $168.76.

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.