Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 61,228 shares of the real estate investment trust's stock after selling 2,000 shares during the period. New York State Common Retirement Fund owned about 0.05% of Mid-America Apartment Communities worth $10,261,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CoreCap Advisors LLC lifted its stake in Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares in the last quarter. GoalVest Advisory LLC raised its position in shares of Mid-America Apartment Communities by 200.0% during the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 160 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at about $46,000. Headlands Technologies LLC purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at about $46,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at about $60,000. Institutional investors own 93.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MAA shares. Scotiabank reduced their price objective on shares of Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating on the stock in a research report on Friday, June 13th. Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th. UBS Group dropped their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $168.81.

Insider Activity at Mid-America Apartment Communities

In related news, 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 completion of the sale, the executive vice president owned 3,012 shares in the company, valued at $502,552.20. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company's stock.

Mid-America Apartment Communities Stock Up 0.1%

Shares of NYSE:MAA traded up $0.09 during trading hours on Friday, reaching $150.75. The stock had a trading volume of 720,098 shares, compared to its average volume of 807,981. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The firm's 50 day moving average is $152.31 and its 200-day moving average is $156.22. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 3.86 and a beta of 0.75. 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 earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 25.70% and a return on equity of 9.19%. The firm had revenue of $549.30 million for the quarter, compared to the consensus estimate of $551.21 million. During the same period last year, the firm posted $2.22 EPS. The company's revenue was up 1.0% on a year-over-year basis. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

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.