Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 94.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,229 shares of the real estate investment trust's stock after acquiring an additional 3,020 shares during the quarter. SG Americas Securities LLC's holdings in Mid-America Apartment Communities were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC boosted its holdings in Mid-America Apartment Communities by 9.5% in the fourth quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock valued at $2,670,000 after acquiring an additional 1,499 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its holdings in Mid-America Apartment Communities by 1,582.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust's stock valued at $1,035,000 after acquiring an additional 6,300 shares during the last quarter. Starwood Capital Group Management L.L.C. boosted its holdings in Mid-America Apartment Communities by 17.7% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock valued at $33,914,000 after acquiring an additional 33,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Mid-America Apartment Communities by 31.6% in the fourth quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock valued at $29,280,000 after acquiring an additional 45,519 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock valued at $1,704,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Down 0.3%

Shares of NYSE MAA traded down $0.51 during midday trading on Friday, reaching $148.41. 1,473,175 shares of the company's stock were exchanged, compared to its average volume of 776,318. Mid-America Apartment Communities, Inc. has a 52-week low of $137.51 and a 52-week high of $173.38. The stock has a market capitalization of $17.37 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 3.80 and a beta of 0.78. 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 business's fifty day moving average price is $156.48 and its two-hundred day moving average price is $157.06.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a return on equity of 9.19% and a net margin of 25.70%. The business had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. During the same period in the previous year, the company earned $2.22 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.08%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the completion of the transaction, the chief executive officer now directly owns 319,813 shares in the company, valued at $47,949,563.09. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of 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 disclosure for this sale can be found here. Insiders sold a total of 7,313 shares of company stock worth $1,171,707 over the last ninety days. Company insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MAA shares. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Robert W. Baird raised their price objective on 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. Barclays raised their price objective on 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. Truist Financial cut their price objective on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Finally, Raymond James Financial lowered Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $185.00 to $175.00 in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities presently has an average rating of "Hold" and an average target price of $169.76.

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.