Nisa Investment Advisors LLC Sells 4,049 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Nisa Investment Advisors LLC lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,917 shares of the real estate investment trust's stock after selling 4,049 shares during the period. Nisa Investment Advisors LLC owned approximately 0.09% of Mid-America Apartment Communities worth $17,247,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its position in Mid-America Apartment Communities by 94.9% during 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 boosted its holdings in Mid-America Apartment Communities by 200.0% in the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 160 shares in the last quarter. NBC Securities Inc. acquired a new position in Mid-America Apartment Communities during the 1st quarter worth $46,000. Headlands Technologies LLC acquired a new position in Mid-America Apartment Communities during the 4th quarter worth $46,000. Finally, Wayfinding Financial LLC acquired a new position in Mid-America Apartment Communities during the 1st quarter worth $60,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAA. Robert W. Baird upped their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Mizuho cut their target price on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Barclays raised their target price on shares of Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. 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 price objective for the company. in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $168.71.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded down $0.11 during midday trading on Friday, hitting $150.99. 398,463 shares of the company traded hands, compared to its average volume of 904,252. Mid-America Apartment Communities, Inc. has a 12 month low of $138.89 and a 12 month high of $173.38. 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 stock has a market cap of $17.67 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 3.85 and a beta of 0.75. The firm's fifty day moving average price is $154.02 and its 200-day moving average price is $156.37.

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, 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 company had revenue of $549.30 million for the quarter, compared to the consensus estimate of $551.21 million. During the same quarter in the previous year, the company earned $2.22 EPS. Mid-America Apartment Communities's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is 126.25%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 173 shares of Mid-America Apartment Communities 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 owned 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

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.