Siemens Fonds Invest GmbH Makes New $2.39 Million Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Siemens Fonds Invest GmbH bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,469 shares of the real estate investment trust's stock, valued at approximately $2,391,000.

A number of other institutional investors have also added to or reduced their stakes in MAA. CoreCap Advisors LLC increased its position 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 valued at $36,000 after acquiring an additional 112 shares during the last quarter. IFP Advisors Inc boosted its stake in 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 valued at $39,000 after buying an additional 68 shares during the period. Headlands Technologies LLC purchased a new stake in Mid-America Apartment Communities during the fourth quarter valued at about $46,000. Catalyst Capital Advisors LLC raised its position in Mid-America Apartment Communities by 57.8% during the fourth 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. Finally, Sandy Spring Bank increased its holdings in shares of Mid-America Apartment Communities by 25.2% in the fourth quarter. Sandy Spring Bank now owns 447 shares of the real estate investment trust's stock worth $69,000 after buying an additional 90 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, 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 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 $502,552.20. This trade represents a 5.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 7,313 shares of company stock worth $1,171,707 in the last ninety days. 1.20% of the stock is owned by insiders.

Mid-America Apartment Communities Stock Up 0.5%

MAA traded up $0.80 during trading on Friday, hitting $156.55. The stock had a trading volume of 1,329,352 shares, compared to its average volume of 749,615. Mid-America Apartment Communities, Inc. has a twelve month low of $133.19 and a twelve month high of $173.38. The stock has a 50 day simple moving average of $159.14 and a two-hundred day simple moving average of $158.14. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $18.33 billion, a PE ratio of 34.94, a PEG ratio of 3.72 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. The company 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 firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.22 earnings per share. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.87%. Mid-America Apartment Communities's payout ratio is presently 126.25%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MAA shares. Robert W. Baird boosted their price target on Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Evercore ISI upped their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Mizuho dropped their target price on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Royal Bank of Canada increased their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.