Comprehensive Money Management Services LLC Purchases New Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Comprehensive Money Management Services LLC bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,108 shares of the real estate investment trust's stock, valued at approximately $480,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. CoreCap Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 94.9% in the 4th 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 lifted its position in shares of Mid-America Apartment Communities by 37.2% in the 4th 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. Headlands Technologies LLC purchased a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at approximately $46,000. Catalyst Capital Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 133 shares in the last quarter. Finally, Sandy Spring Bank lifted its position in shares of Mid-America Apartment Communities by 25.2% in the 4th quarter. Sandy Spring Bank now owns 447 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 90 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAA has been the subject of several research analyst reports. Raymond James downgraded shares of Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $185.00 to $175.00 in a research report on Thursday, May 15th. Mizuho cut their target price on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Robert W. Baird increased 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. Evercore ISI increased their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada increased their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $169.50.

Insiders Place Their Bets

In other news, 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 of the company's stock, valued at approximately $502,552.20. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's 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 transaction, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at $47,949,563.09. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,313 shares of company stock worth $1,171,707 in the last ninety days. Insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Stock Performance

NYSE:MAA traded up $0.80 during midday trading on Friday, reaching $156.55. The stock had a trading volume of 1,329,352 shares, compared to its average volume of 752,710. Mid-America Apartment Communities, Inc. has a 1-year low of $129.96 and a 1-year high of $173.38. The firm's fifty day simple moving average is $159.14 and its 200-day simple moving average is $158.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $18.33 billion, a P/E ratio of 34.94, a PEG ratio of 3.72 and a beta of 0.80.

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 analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The business had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. During the same period last year, the business posted $2.22 EPS. Mid-America Apartment Communities's revenue was up 1.0% compared to the same quarter last year. On average, equities research 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 business also recently declared 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. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 annualized dividend and a yield of 3.87%. Mid-America Apartment Communities's dividend payout ratio 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.