11,509 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Acquired by Aurora Investment Counsel

Aurora Investment Counsel purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,509 shares of the real estate investment trust's stock, valued at approximately $1,929,000.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Mid-America Apartment Communities by 1.5% in the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock worth $32,214,000 after purchasing an additional 2,800 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in Mid-America Apartment Communities by 106.9% in the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock valued at $738,000 after acquiring an additional 2,274 shares in the last quarter. Starwood Capital Group Management L.L.C. boosted its holdings in Mid-America Apartment Communities by 17.7% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock valued at $33,914,000 after acquiring an additional 33,000 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Mid-America Apartment Communities by 92.0% in the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock valued at $4,715,000 after acquiring an additional 13,482 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Mid-America Apartment Communities by 1.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust's stock valued at $60,708,000 after acquiring an additional 5,650 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MAA. UBS Group cut their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday. Barclays lifted their price target on shares of Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Truist Financial cut their price target on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Mizuho dropped their target price on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $168.81.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $166.85, for a total value of $28,865.05. Following the completion of the sale, the executive vice president directly owned 3,012 shares of the company's stock, valued at approximately $502,552.20. This represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Mid-America Apartment Communities Stock Performance

MAA traded up $0.96 during midday trading on Thursday, hitting $151.32. 150,566 shares of the company traded hands, compared to its average volume of 802,683. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $17.71 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 3.78 and a beta of 0.75. The company's 50-day moving average is $152.76 and its 200 day moving average is $156.25. Mid-America Apartment Communities, Inc. has a 52 week low of $138.89 and a 52 week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. The business had revenue of $549.30 million for the quarter, compared to analysts' expectations of $551.21 million. Mid-America Apartment Communities had a net margin of 25.70% and a return on equity of 9.19%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.22 EPS. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is currently 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.