Millennium Management LLC Has $1.70 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Millennium Management LLC lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 69.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,981 shares of the real estate investment trust's stock after selling 24,674 shares during the period. Millennium Management LLC's holdings in Mid-America Apartment Communities were worth $1,697,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MAA. CoreCap Advisors LLC increased its stake in Mid-America Apartment Communities by 94.9% in the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 112 shares during the period. IFP Advisors Inc lifted its holdings in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $46,000. Catalyst Capital Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 133 shares during the period. Finally, Sandy Spring Bank increased its position in Mid-America Apartment Communities by 25.2% during the fourth quarter. Sandy Spring Bank now owns 447 shares of the real estate investment trust's stock worth $69,000 after purchasing an additional 90 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

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 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 approximately $502,552.20. The trade was a 5.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Eric Bolton, Jr. sold 4,358 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was 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 in the company, valued at approximately $53,890,187.04. This represents a 1.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,313 shares of company stock worth $1,171,707 in the last quarter. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Scotiabank lifted their price objective on shares of 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. JMP Securities boosted 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. Royal Bank of Canada lifted their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Finally, Evercore ISI lifted their target price 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. One equities 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $169.50.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock traded down $0.49 during mid-day trading on Wednesday, reaching $151.93. The company had a trading volume of 859,864 shares, compared to its average volume of 753,191. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52 week low of $133.99 and a 52 week high of $173.38. The company has a 50 day moving average of $158.72 and a 200-day moving average of $158.08. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 3.72 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $2.22 EPS. On average, sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is 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.