Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 80.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,318 shares of the real estate investment trust's stock after selling 5,381 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Mid-America Apartment Communities were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Metis Global Partners LLC raised its position in Mid-America Apartment Communities by 9.5% during the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock worth $2,670,000 after buying an additional 1,499 shares during the last quarter. Paradigm Asset Management Co. LLC raised its position in Mid-America Apartment Communities by 1,582.9% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust's stock worth $1,035,000 after buying an additional 6,300 shares during the last quarter. Principal Financial Group Inc. raised its position in Mid-America Apartment Communities by 31.6% during the 4th quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock worth $29,280,000 after buying an additional 45,519 shares during the last quarter. Sanctuary Advisors LLC raised its position in Mid-America Apartment Communities by 0.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock worth $1,704,000 after buying an additional 69 shares during the last quarter. Finally, Aew Capital Management L P raised its position in Mid-America Apartment Communities by 516.3% during the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust's stock worth $97,533,000 after buying an additional 528,608 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Price Performance

NYSE MAA traded down $1.07 on Monday, hitting $155.58. The company had a trading volume of 759,228 shares, compared to its average volume of 749,645. The company has a market capitalization of $18.21 billion, a PE ratio of 34.73, a PEG ratio of 3.72 and a beta of 0.80. The company's fifty day moving average price is $158.96 and its 200-day moving average price is $158.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities, Inc. has a 12-month low of $133.19 and a 12-month high of $173.38.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The business had revenue of $549.30 million during the quarter, compared to analyst estimates of $551.21 million. During the same quarter in the prior year, the firm earned $2.22 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is 126.25%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MAA shares. JMP Securities raised their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 22nd. Evercore ISI raised their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Robert W. Baird lifted their target price on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Raymond James lowered shares of Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $185.00 to $175.00 in a report on Thursday, May 15th. Finally, Truist Financial cut 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 research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $169.50.

Insider Transactions at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction on Friday, May 2nd. The shares were 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 owns 3,012 shares of the company's stock, valued at $502,552.20. This represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at $47,949,563.09. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,313 shares of company stock valued at $1,171,707 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

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.