SG Americas Securities LLC Raises Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

SG Americas Securities LLC lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 94.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,229 shares of the real estate investment trust's stock after purchasing an additional 3,020 shares during the period. SG Americas Securities LLC's holdings in Mid-America Apartment Communities were worth $1,044,000 at the end of the most recent quarter.

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

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA traded down $0.51 during mid-day trading on Friday, hitting $148.41. The stock had a trading volume of 1,473,175 shares, compared to its average volume of 777,916. 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 company has a 50 day moving average of $156.48 and a two-hundred day moving average of $157.08. Mid-America Apartment Communities, Inc. has a twelve month low of $137.51 and a twelve month high of $173.38. The firm has a market cap of $17.37 billion, a PE ratio of 30.92, a PEG ratio of 3.81 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $551.21 million. During the same period in the prior year, the company earned $2.22 earnings per share. The firm'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 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

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 dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is currently 126.25%.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction dated 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 directly owns 319,813 shares of the company's stock, valued at $47,949,563.09. This represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Amber Fairbanks sold 173 shares of the stock in a transaction dated Friday, May 2nd. The stock was 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 in the company, 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 have sold a total of 7,313 shares of company stock valued at $1,171,707 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MAA shares. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their target price for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Truist Financial lowered their target price on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. JMP Securities upped their target price on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Thursday, May 22nd. Scotiabank reduced their price target on 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. Finally, Wall Street Zen raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.