Ensign Peak Advisors Inc Purchases 10,438 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Ensign Peak Advisors Inc raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,173 shares of the real estate investment trust's stock after purchasing an additional 10,438 shares during the quarter. Ensign Peak Advisors Inc owned 0.07% of Mid-America Apartment Communities worth $11,929,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ethic Inc. raised its stake in shares of Mid-America Apartment Communities by 4.4% in the 4th quarter. Ethic Inc. now owns 6,603 shares of the real estate investment trust's stock valued at $1,021,000 after purchasing an additional 276 shares during the period. FJ Capital Management LLC acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at about $477,000. Deutsche Bank AG increased its position in shares of Mid-America Apartment Communities by 312.6% in the fourth quarter. Deutsche Bank AG now owns 1,226,026 shares of the real estate investment trust's stock valued at $189,507,000 after acquiring an additional 928,851 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of Mid-America Apartment Communities by 94.9% in the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 112 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Mid-America Apartment Communities by 6.2% in the fourth quarter. Cetera Investment Advisers now owns 53,535 shares of the real estate investment trust's stock valued at $8,275,000 after acquiring an additional 3,136 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

MAA traded up $2.67 during trading on Friday, hitting $163.57. 1,660,835 shares of the stock traded hands, compared to its average volume of 741,607. Mid-America Apartment Communities, Inc. has a twelve month low of $126.77 and a twelve month high of $173.38. The company has a market cap of $19.15 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 3.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50 day moving average price of $160.50 and a 200 day moving average price of $157.99.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $551.21 million. During the same period in the previous year, the business earned $2.22 earnings per share. The company's revenue was up 1.0% on a year-over-year basis. Equities research analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a dividend of $1.515 per share. The ex-dividend date was Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.70%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Analyst Ratings Changes

A number of research firms recently commented on MAA. BMO Capital Markets reduced their price target on 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. StockNews.com upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. 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 note on Thursday, May 1st. Truist Financial raised their target price on shares of 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, Raymond James cut Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $185.00 to $175.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $169.09.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the business's stock in a transaction 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 owns 324,171 shares of the company's stock, valued at $53,890,187.04. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $166.85, for a total transaction of $28,865.05. Following the sale, 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. Over the last ninety days, insiders sold 7,313 shares of company stock worth $1,171,707. Corporate insiders own 1.20% of the company's stock.

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.