Integrated Advisors Network LLC Takes $2.97 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Integrated Advisors Network LLC purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,729 shares of the real estate investment trust's stock, valued at approximately $2,971,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAA. CoreCap Advisors LLC increased its holdings in 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 purchasing an additional 112 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 68 shares in the last quarter. GoalVest Advisory LLC raised its holdings in shares of Mid-America Apartment Communities by 200.0% during the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 160 shares during the period. Headlands Technologies LLC acquired a new position in Mid-America Apartment Communities during the 4th quarter worth approximately $46,000. Finally, NBC Securities Inc. acquired a new position in Mid-America Apartment Communities during the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 173 shares of the business's stock in a transaction dated 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 sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO H Eric Bolton, Jr. sold 4,358 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following the completion of the sale, the chief executive officer now owns 324,171 shares of the company's stock, valued at approximately $53,890,187.04. This trade represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,313 shares of company stock valued at $1,171,707. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on MAA shares. Wall Street Zen raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Raymond James cut Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $185.00 to $175.00 in a report on Thursday, May 15th. JMP Securities raised their target price on shares of 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. Robert W. Baird raised their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Truist Financial decreased their target price on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $168.86.

Mid-America Apartment Communities Trading Down 1.4%

NYSE MAA traded down $2.20 during trading hours on Friday, hitting $149.26. The company's stock had a trading volume of 384,323 shares, compared to its average volume of 765,356. The firm has a market capitalization of $17.47 billion, a P/E ratio of 33.34, a PEG ratio of 3.72 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a twelve month low of $136.85 and a twelve month high of $173.38. The stock has a fifty day moving average of $157.10 and a 200 day moving average of $157.68. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued 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 company 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 revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 earnings per share. Equities research analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is currently 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.