Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 11.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,736 shares of the real estate investment trust's stock after buying an additional 5,910 shares during the period. Mid-America Apartment Communities comprises approximately 1.3% of Greenwood Capital Associates LLC's investment portfolio, making the stock its 15th biggest holding. Greenwood Capital Associates LLC's holdings in Mid-America Apartment Communities were worth $9,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at $826,562,000. Capital World Investors boosted its holdings in shares of Mid-America Apartment Communities by 45.9% during the 4th quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust's stock valued at $1,025,868,000 after acquiring an additional 2,088,143 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Mid-America Apartment Communities by 312.6% during the 4th quarter. Deutsche Bank AG now owns 1,226,026 shares of the real estate investment trust's stock valued at $189,507,000 after acquiring an additional 928,851 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Mid-America Apartment Communities by 26.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust's stock valued at $517,015,000 after acquiring an additional 708,125 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at $95,671,000. Institutional investors own 93.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on MAA shares. Barclays lifted their target price on Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Mizuho cut their target price on 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. Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their target price for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Robert W. Baird boosted their price objective on Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Scotiabank cut their price target on Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $169.76.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 173 shares of the firm's 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 completion of the transaction, the executive vice president now owns 3,012 shares of the company's stock, valued at $502,552.20. This trade represents a 5.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's stock in a transaction on 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 in the company, 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 sold 7,313 shares of company stock valued at $1,171,707 over the last 90 days. Corporate insiders own 1.20% of the company's stock.

Mid-America Apartment Communities Price Performance

MAA stock traded down $1.83 during trading on Friday, reaching $149.62. The company's stock had a trading volume of 862,796 shares, compared to its average volume of 768,445. Mid-America Apartment Communities, Inc. has a 1 year low of $136.85 and a 1 year high of $173.38. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a market capitalization 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. The company's fifty day moving average is $157.09 and its 200-day moving average is $157.59.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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 business had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The firm'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 earnings per share. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $1.515 per share. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.05%. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

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.