Columbus Macro LLC Increases Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Columbus Macro LLC raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,363 shares of the real estate investment trust's stock after buying an additional 2,278 shares during the quarter. Mid-America Apartment Communities comprises 1.1% of Columbus Macro LLC's holdings, making the stock its 23rd largest position. Columbus Macro LLC's holdings in Mid-America Apartment Communities were worth $7,937,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Metis Global Partners LLC raised its position in shares of Mid-America Apartment Communities by 9.5% in the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock valued at $2,670,000 after purchasing an additional 1,499 shares during the last quarter. Paradigm Asset Management Co. LLC raised its holdings in shares of Mid-America Apartment Communities by 1,582.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust's stock worth $1,035,000 after buying an additional 6,300 shares during the last quarter. Starwood Capital Group Management L.L.C. raised its holdings in shares of 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 worth $33,914,000 after buying an additional 33,000 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Mid-America Apartment Communities by 31.6% during the fourth quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock worth $29,280,000 after buying an additional 45,519 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in shares of Mid-America Apartment Communities by 0.6% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Insider Activity at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the transaction, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, 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 quarter, insiders have sold 7,313 shares of company stock valued at $1,171,707. 1.20% of the stock is owned by company insiders.

Mid-America Apartment Communities Trading Down 1.2%

Shares of Mid-America Apartment Communities stock opened at $149.62 on Monday. The firm has a 50-day simple moving average of $157.09 and a two-hundred day simple moving average of $157.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. Mid-America Apartment Communities, Inc. has a fifty-two week low of $137.51 and a fifty-two week high of $173.38. The company has a market cap of $17.51 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 3.72 and a beta of 0.78.

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 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. The firm had revenue of $549.30 million for the quarter, compared to analysts' expectations of $551.21 million. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.22 EPS. As a group, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $1.515 dividend. 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 4.05%. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MAA. Mizuho reduced their target price on Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Raymond James lowered Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $185.00 to $175.00 in a report on Thursday, May 15th. Robert W. Baird lifted their target price on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $169.76.

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.

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