Handelsbanken Fonder AB Decreases Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Handelsbanken Fonder AB cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,666 shares of the real estate investment trust's stock after selling 5,124 shares during the period. Handelsbanken Fonder AB owned 0.07% of Mid-America Apartment Communities worth $14,356,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in shares of Mid-America Apartment Communities by 94.1% during the first quarter. SG Americas Securities LLC now owns 6,229 shares of the real estate investment trust's stock valued at $1,044,000 after acquiring an additional 3,020 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth $6,731,000. GAMMA Investing LLC raised its position in shares of Mid-America Apartment Communities by 34.6% in the 1st quarter. GAMMA Investing LLC now owns 3,467 shares of the real estate investment trust's stock worth $581,000 after acquiring an additional 892 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Mid-America Apartment Communities by 133.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,291 shares of the real estate investment trust's stock worth $384,000 after acquiring an additional 1,311 shares in the last quarter. Finally, Portside Wealth Group LLC increased its position in Mid-America Apartment Communities by 5.2% during the 1st quarter. Portside Wealth Group LLC now owns 5,970 shares of the real estate investment trust's stock valued at $1,000,000 after buying an additional 293 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 173 shares of Mid-America Apartment Communities 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 sale, the executive vice president now owns 3,012 shares in the company, valued at approximately $502,552.20. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the sale, the chief executive officer now owns 319,813 shares in the company, valued at $47,949,563.09. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,313 shares of company stock worth $1,171,707. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Robert W. Baird boosted their price target 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. Mizuho dropped 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. Barclays increased their price target on Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Raymond James downgraded Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $185.00 to $175.00 in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $169.76.

Mid-America Apartment Communities Trading Down 1.2%

Shares of MAA traded down $1.83 during midday trading on Friday, hitting $149.62. 862,796 shares of the stock were exchanged, compared to its average volume of 769,540. The firm has a market cap of $17.51 billion, a P/E ratio of 33.40, a P/E/G ratio of 3.72 and a beta of 0.78. The stock has a fifty day simple moving average of $157.09 and a 200 day simple moving average of $157.48. Mid-America Apartment Communities, Inc. has a 52-week low of $137.51 and a 52-week high of $173.38. 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 (NYSE:MAA - Get Free Report) last released 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. The firm had revenue of $549.30 million during the quarter, compared to analyst estimates of $551.21 million. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. Mid-America Apartment Communities's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $2.22 earnings per share. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued 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 (DPR) is presently 126.25%.

Mid-America Apartment Communities Company 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.