Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Position Boosted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 92.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,134 shares of the real estate investment trust's stock after buying an additional 13,482 shares during the period. Stratos Wealth Partners LTD.'s holdings in Mid-America Apartment Communities were worth $4,715,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Mid-America Apartment Communities by 1.5% in the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock valued at $32,214,000 after buying an additional 2,800 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in Mid-America Apartment Communities by 106.9% in the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock valued at $738,000 after purchasing an additional 2,274 shares during the period. Starwood Capital Group Management L.L.C. grew its holdings in Mid-America Apartment Communities by 17.7% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock valued at $33,914,000 after purchasing an additional 33,000 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Mid-America Apartment Communities by 1.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust's stock valued at $60,708,000 after purchasing an additional 5,650 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Mid-America Apartment Communities by 7.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,328 shares of the real estate investment trust's stock valued at $1,396,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MAA shares. Mizuho lowered 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 report on Friday, May 23rd. Scotiabank lowered their target price on shares of Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating for the company in a report on Friday, June 13th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Saturday. Robert W. Baird boosted their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Truist Financial decreased their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $168.71.

Mid-America Apartment Communities Stock Down 0.2%

MAA traded down $0.37 during trading on Friday, hitting $150.73. The company had a trading volume of 940,004 shares, compared to its average volume of 803,858. The company has a market cap of $17.64 billion, a PE ratio of 31.40, a P/E/G ratio of 3.86 and a beta of 0.75. The business has a 50-day moving average of $153.68 and a 200-day moving average of $156.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. Mid-America Apartment Communities, Inc. has a 1-year low of $138.89 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. The firm had revenue of $549.30 million for the quarter, compared to analysts' expectations of $551.21 million. Mid-America Apartment Communities had a net margin of 25.70% and a return on equity of 9.19%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 earnings per share. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed 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 is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.02%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Insider Transactions at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of the 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 transaction, the executive vice president owned 3,012 shares in the company, valued at $502,552.20. This represents a 5.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

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.