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

Asset Management One Co. Ltd. boosted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure 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 period. Asset Management One Co. Ltd. owned 0.21% of Mid-America Apartment Communities worth $40,447,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MAA. CoreCap Advisors LLC boosted its holdings in 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 in the last quarter. IFP Advisors Inc boosted its holdings in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 68 shares in the last quarter. GoalVest Advisory LLC boosted its holdings in Mid-America Apartment Communities by 200.0% in the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 160 shares in the last quarter. Headlands Technologies LLC bought a new stake in Mid-America Apartment Communities in the fourth quarter valued at $46,000. Finally, NBC Securities Inc. bought a new stake in Mid-America Apartment Communities in the first quarter valued at $46,000. Institutional investors own 93.60% of the company's stock.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction dated Monday, April 7th. The shares were 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 owns 319,813 shares of the company's stock, valued at $47,949,563.09. This represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Amber Fairbanks sold 173 shares of the company'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 sale, the executive vice president now directly owns 3,012 shares of the company's stock, valued at $502,552.20. The trade was a 5.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,313 shares of company stock valued at $1,171,707. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on MAA shares. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their price target for the company from $148.00 to $190.00 in a report on Monday, March 10th. Scotiabank dropped their target price on shares of Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating on the stock in a report on Friday, June 13th. 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. Barclays boosted their target price 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. Finally, Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $169.76.

Mid-America Apartment Communities Stock Performance

NYSE:MAA traded up $0.22 during mid-day trading on Friday, reaching $147.68. The company's stock had a trading volume of 956,591 shares, compared to its average volume of 787,856. Mid-America Apartment Communities, Inc. has a 12-month low of $137.51 and a 12-month high of $173.38. The firm's fifty day moving average price is $155.68 and its two-hundred day moving average price is $156.69. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $17.29 billion, a P/E ratio of 30.77, a PEG ratio of 3.78 and a beta of 0.78.

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

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is 126.25%.

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.