Public Employees Retirement System of Ohio Has $32.02 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Public Employees Retirement System of Ohio decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,176 shares of the real estate investment trust's stock after selling 1,805 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.18% of Mid-America Apartment Communities worth $32,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth about $826,562,000. Capital World Investors grew its holdings in shares of Mid-America Apartment Communities by 45.9% during the 4th quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust's stock worth $1,025,868,000 after purchasing an additional 2,088,143 shares during the period. Deutsche Bank AG grew its holdings in shares of Mid-America Apartment Communities by 312.6% during the 4th quarter. Deutsche Bank AG now owns 1,226,026 shares of the real estate investment trust's stock worth $189,507,000 after purchasing an additional 928,851 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Mid-America Apartment Communities by 26.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust's stock worth $517,015,000 after purchasing an additional 708,125 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Mid-America Apartment Communities in the 4th quarter worth approximately $95,671,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA traded up $1.36 on Tuesday, hitting $154.12. The stock had a trading volume of 970,354 shares, compared to its average volume of 748,372. 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 stock has a market cap of $18.04 billion, a price-to-earnings ratio of 34.40, a P/E/G ratio of 3.72 and a beta of 0.80. The company's 50-day moving average is $159.73 and its two-hundred day moving average is $158.26.

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

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.06 annualized dividend and a yield of 3.93%. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Insider Activity at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following the completion of the transaction, the chief executive officer now owns 319,813 shares of the company's stock, valued at $47,949,563.09. This trade represents a 0.82% 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, 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 transaction, the executive vice president now directly owns 3,012 shares of the company's stock, valued at $502,552.20. This represents a 5.43% 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.

Wall Street Analyst Weigh In

MAA has been the subject of a number of analyst reports. Evercore ISI upped their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Mizuho decreased their price target on Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating for the company in a report on Friday. Raymond James cut Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $185.00 to $175.00 in a report on Thursday, May 15th. Robert W. Baird upped their price target on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Wall Street Zen lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $169.50.

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.