Unigestion Holding SA Has $2.57 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Unigestion Holding SA raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 90.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,304 shares of the real estate investment trust's stock after purchasing an additional 7,259 shares during the period. Unigestion Holding SA's holdings in Mid-America Apartment Communities were worth $2,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 0.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock worth $1,704,000 after purchasing an additional 69 shares during the last quarter. Huntington National Bank grew its stake in Mid-America Apartment Communities by 6.4% in the fourth quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock worth $181,000 after purchasing an additional 70 shares in the last quarter. Keybank National Association OH grew its stake in Mid-America Apartment Communities by 0.9% in the fourth quarter. Keybank National Association OH now owns 9,171 shares of the real estate investment trust's stock worth $1,418,000 after purchasing an additional 85 shares in the last quarter. Finally, Sandy Spring Bank increased its holdings in Mid-America Apartment Communities by 25.2% in the fourth quarter. Sandy Spring Bank now owns 447 shares of the real estate investment trust's stock valued at $69,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

MAA stock traded down $2.16 during trading on Thursday, hitting $149.70. The company had a trading volume of 974,055 shares, compared to its average volume of 754,344. The business has a 50 day moving average of $158.44 and a 200 day moving average of $158.04. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 3.72 and a beta of 0.80. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a fifty-two week low of $135.01 and a fifty-two week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly 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. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The firm had revenue of $549.30 million during the quarter, compared to analyst estimates of $551.21 million. During the same period last year, the company posted $2.22 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. As a group, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company 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 dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is currently 126.25%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays increased 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. Robert W. Baird raised their price objective on 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. Scotiabank lifted their price objective on shares of Mid-America Apartment Communities from $182.00 to $194.00 and gave the stock a "sector outperform" rating in a report on Monday, May 12th. Royal Bank of Canada boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Finally, Raymond James cut shares of Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $185.00 to $175.00 in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $169.50.

Insiders Place Their Bets

In other news, EVP Amber Fairbanks sold 173 shares of Mid-America Apartment Communities 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was 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. Over the last three months, insiders have sold 7,313 shares of company stock worth $1,171,707. 1.20% of the stock is owned by corporate insiders.

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.