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

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

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

Mid-America Apartment Communities Trading Up 0.5%

Shares of NYSE:MAA traded up $0.80 during trading on Friday, hitting $156.55. The company had a trading volume of 1,329,352 shares, compared to its average volume of 752,710. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a one year low of $129.96 and a one year high of $173.38. The company has a fifty day simple moving average of $159.27 and a two-hundred day simple moving average of $158.18. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. The business had revenue of $549.30 million during 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 revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $2.22 EPS. As a group, equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $1.515 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.87%. Mid-America Apartment Communities's payout ratio is 126.25%.

Insider Transactions at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 173 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $166.85, for a total value 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. This represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the 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 sale, the chief executive officer now owns 319,813 shares in the company, valued at approximately $47,949,563.09. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,313 shares of company stock worth $1,171,707. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Scotiabank boosted their price target on Mid-America Apartment Communities from $182.00 to $194.00 and gave the company a "sector outperform" rating in a report on Monday, May 12th. 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. Truist Financial dropped their price objective on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Royal Bank of Canada upped their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their price objective for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Hold" and an average target price of $169.50.

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.