B&I Capital AG Has $9.47 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

B&I Capital AG trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 10.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,515 shares of the real estate investment trust's stock after selling 6,900 shares during the quarter. Mid-America Apartment Communities comprises 3.1% of B&I Capital AG's investment portfolio, making the stock its 11th biggest position. B&I Capital AG's holdings in Mid-America Apartment Communities were worth $9,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 91 shares during the period. CoreCap Advisors LLC raised its holdings in Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares during the last quarter. GoalVest Advisory LLC lifted its holdings in shares of 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 purchasing an additional 160 shares in the last quarter. Headlands Technologies LLC purchased a new position in Mid-America Apartment Communities during the fourth quarter worth $46,000. Finally, NBC Securities Inc. purchased a new position in Mid-America Apartment Communities in the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded down $0.02 during trading on Friday, reaching $151.66. The company had a trading volume of 151,181 shares, compared to its average volume of 894,942. The firm's fifty day moving average is $151.58 and its 200 day moving average is $156.18. 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 firm has a market capitalization of $17.75 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 3.91 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a twelve month low of $139.60 and a twelve month high of $173.38.

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

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.00%. Mid-America Apartment Communities's payout ratio is 126.25%.

Insider Buying and Selling

In other news, EVP Amber Fairbanks sold 173 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction 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 $502,552.20. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Scotiabank cut their price objective on shares of Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating for the company in a research report on Friday, June 13th. The Goldman Sachs Group lowered Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target on the stock. in a research note on Friday, July 11th. UBS Group decreased their price objective on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. JMP Securities upped their target price on Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a research note on Thursday, May 22nd. Finally, Truist Financial reduced their target price on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $168.81.

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.