Janus Henderson Group PLC Has $2.34 Million Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Janus Henderson Group PLC lessened its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 47.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,115 shares of the real estate investment trust's stock after selling 13,798 shares during the quarter. Janus Henderson Group PLC's holdings in Mid-America Apartment Communities were worth $2,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Avenue Securities LLC lifted its stake in Mid-America Apartment Communities by 36.4% in the 4th quarter. Park Avenue Securities LLC now owns 2,876 shares of the real estate investment trust's stock valued at $445,000 after purchasing an additional 768 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $577,000. UMB Bank n.a. grew its holdings in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 75 shares in the last quarter. Aurora Investment Managers LLC. increased its holdings in Mid-America Apartment Communities by 5.5% in the 4th quarter. Aurora Investment Managers LLC. now owns 26,010 shares of the real estate investment trust's stock valued at $4,020,000 after buying an additional 1,366 shares during the period. Finally, Perpetual Ltd raised its position in Mid-America Apartment Communities by 8.0% during the fourth quarter. Perpetual Ltd now owns 127,506 shares of the real estate investment trust's stock valued at $19,709,000 after purchasing an additional 9,471 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO H Eric Bolton, Jr. sold 4,358 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the sale, the chief executive officer now directly owns 324,171 shares of the company's stock, valued at $53,890,187.04. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock worth $1,171,707 in the last quarter. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MAA. Scotiabank increased their target price on Mid-America Apartment Communities from $182.00 to $194.00 and gave the company a "sector outperform" rating in a research report on Monday, May 12th. Royal Bank of Canada raised their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. JMP Securities restated a "market outperform" rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. BMO Capital Markets lowered their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $169.09.

Mid-America Apartment Communities Trading Down 0.6%

NYSE:MAA opened at $160.34 on Wednesday. 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 stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 52 week low of $126.77 and a 52 week high of $173.38. The firm has a 50 day moving average of $160.44 and a 200 day moving average of $158.26.

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 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. The firm had revenue of $549.30 million during the quarter, compared to the consensus estimate 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 revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 earnings per share. As a group, sell-side analysts anticipate 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 declared 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. This represents a $6.06 annualized dividend and a dividend yield of 3.78%. Mid-America Apartment Communities's dividend payout ratio is presently 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.

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