Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,404 shares of the real estate investment trust's stock after purchasing an additional 18,702 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Mid-America Apartment Communities worth $11,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GF Fund Management CO. LTD. purchased a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at about $328,000. Cornerstone Advisory LLC purchased a new stake in Mid-America Apartment Communities during the 4th quarter valued at approximately $259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Mid-America Apartment Communities by 5.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,986 shares of the real estate investment trust's stock valued at $174,507,000 after acquiring an additional 54,763 shares during the last quarter. Two Sigma Advisers LP raised its stake in Mid-America Apartment Communities by 44.6% during the 4th quarter. Two Sigma Advisers LP now owns 65,800 shares of the real estate investment trust's stock valued at $10,171,000 after acquiring an additional 20,300 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in Mid-America Apartment Communities by 6.1% during the 4th quarter. Tidal Investments LLC now owns 57,483 shares of the real estate investment trust's stock valued at $8,885,000 after acquiring an additional 3,291 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MAA shares. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their price target for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. Mizuho cut their price objective on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Friday. Truist Financial cut their price target 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. Finally, Royal Bank of Canada increased 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of "Hold" and an average price target of $169.50.

Insider Activity

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the 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 completion of the sale, the chief executive officer now owns 319,813 shares in the company, valued at approximately $47,949,563.09. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amber Fairbanks sold 173 shares of the firm'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 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 disclosure for this sale can be found here. Insiders sold 7,313 shares of company stock valued at $1,171,707 in the last ninety days. Company insiders own 1.20% of the company's stock.

Mid-America Apartment Communities Price Performance

NYSE:MAA traded down $1.07 during mid-day trading on Monday, hitting $155.58. 759,228 shares of the company's stock traded hands, compared to its average volume of 749,653. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $18.21 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 3.72 and a beta of 0.80. The firm's 50 day simple moving average is $158.96 and its 200 day simple moving average is $158.12. Mid-America Apartment Communities, Inc. has a 1 year low of $133.19 and a 1 year high of $173.38.

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 for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. The business had revenue of $549.30 million during the quarter, compared to analysts' expectations of $551.21 million. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The company's revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $2.22 EPS. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $1.515 per share. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.90%. Mid-America Apartment Communities's dividend payout ratio 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.