Asset Management One Co. Ltd. Grows Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Asset Management One Co. Ltd. increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,361 shares of the real estate investment trust's stock after acquiring an additional 2,399 shares during the quarter. Asset Management One Co. Ltd. owned about 0.21% of Mid-America Apartment Communities worth $40,447,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Principal Securities Inc. boosted its holdings in Mid-America Apartment Communities by 31.4% in the 4th quarter. Principal Securities Inc. now owns 1,000 shares of the real estate investment trust's stock worth $155,000 after buying an additional 239 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of 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 valued at $1,704,000 after buying an additional 69 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Mid-America Apartment Communities by 9.1% during the 4th quarter. D.A. Davidson & CO. now owns 2,507 shares of the real estate investment trust's stock worth $388,000 after purchasing an additional 210 shares during the period. Ieq Capital LLC grew its position in Mid-America Apartment Communities by 3.9% in the 4th quarter. Ieq Capital LLC now owns 3,875 shares of the real estate investment trust's stock valued at $599,000 after buying an additional 145 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Mid-America Apartment Communities by 30.8% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,134 shares of the real estate investment trust's stock valued at $2,494,000 after acquiring an additional 3,800 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following the completion of the sale, the chief executive officer now directly owns 319,813 shares in the company, valued at approximately $47,949,563.09. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Amber Fairbanks sold 173 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the transaction, the executive vice president now directly owns 3,012 shares in the company, valued at approximately $502,552.20. The trade was a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock worth $1,171,707 in the last quarter. Corporate insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA traded down $3.14 during mid-day trading on Wednesday, hitting $146.03. 1,386,916 shares of the stock were exchanged, compared to its average volume of 782,051. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $17.09 billion, a P/E ratio of 30.42, a PEG ratio of 3.84 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a twelve month low of $137.51 and a twelve month high of $173.38. The stock's fifty day simple moving average is $156.21 and its two-hundred day simple moving average is $156.93.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. Mid-America Apartment Communities had a net margin of 25.70% and a return on equity of 9.19%. Mid-America Apartment Communities's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.22 EPS. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $1.515 per share. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 annualized dividend and a yield of 4.15%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MAA shares. 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 report on Thursday, May 1st. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Mizuho lowered their price objective on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Truist Financial decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, Barclays raised their price objective on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $169.76.

Mid-America Apartment Communities Company 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.