OMERS ADMINISTRATION Corp Reduces Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

OMERS ADMINISTRATION Corp decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,881 shares of the real estate investment trust's stock after selling 2,373 shares during the period. OMERS ADMINISTRATION Corp's holdings in Mid-America Apartment Communities were worth $754,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CoreCap Advisors LLC increased its holdings in shares of Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after buying an additional 112 shares in the last quarter. IFP Advisors Inc raised its position in shares of Mid-America Apartment Communities by 37.2% during the fourth 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 during the last quarter. Headlands Technologies LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $46,000. UMB Bank n.a. lifted its holdings in Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 75 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Mid-America Apartment Communities by 57.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Down 2.6%

Shares of NYSE:MAA traded down $4.21 during midday trading on Wednesday, hitting $156.14. 538,540 shares of the stock traded hands, compared to its average volume of 743,562. Mid-America Apartment Communities, Inc. has a one year low of $126.77 and a one year high of $173.38. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The business's 50 day moving average is $160.44 and its two-hundred day moving average is $158.26. The stock has a market capitalization of $18.28 billion, a PE ratio of 34.85, a P/E/G ratio of 3.72 and a beta of 0.80.

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, topping the consensus estimate of $2.16 by $0.04. The firm 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 quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.22 EPS. As a group, research analysts forecast 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 3.88%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the sale, the chief executive officer now owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Amber Fairbanks sold 173 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 3,012 shares of the company's stock, valued at $502,552.20. This trade represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,313 shares of company stock worth $1,171,707. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MAA has been the subject of several recent research reports. Raymond James downgraded Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $185.00 to $175.00 in a report on Thursday, May 15th. Evercore ISI increased 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. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and boosted their price objective for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Robert W. Baird upped their target price 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. Finally, StockNews.com upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $168.95.

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.