Squarepoint Ops LLC Has $485,000 Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Squarepoint Ops LLC lessened its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 93.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,140 shares of the real estate investment trust's stock after selling 48,424 shares during the quarter. Squarepoint Ops LLC's holdings in Mid-America Apartment Communities were worth $485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 68 shares during the period. Sanctuary Advisors LLC increased its position in shares of Mid-America Apartment Communities by 0.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock valued at $1,704,000 after buying an additional 69 shares in the last quarter. Huntington National Bank lifted its position in Mid-America Apartment Communities by 6.4% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock valued at $181,000 after acquiring an additional 70 shares in the last quarter. Keybank National Association OH boosted its stake in Mid-America Apartment Communities by 0.9% in the 4th quarter. Keybank National Association OH now owns 9,171 shares of the real estate investment trust's stock worth $1,418,000 after purchasing an additional 85 shares during the period. Finally, Sandy Spring Bank boosted its position in shares of Mid-America Apartment Communities by 25.2% during 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. Institutional investors own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Truist Financial decreased their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Evercore ISI raised their target price on shares of 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 reduced 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. Finally, JMP Securities upped their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $169.50.

Mid-America Apartment Communities Price Performance

NYSE MAA traded up $0.13 during midday trading on Friday, hitting $149.95. The company had a trading volume of 645,228 shares, compared to its average volume of 757,025. Mid-America Apartment Communities, Inc. has a twelve month low of $136.57 and a twelve month high of $173.38. The firm has a 50-day moving average price of $157.73 and a 200-day moving average price of $157.92. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $17.55 billion, a PE ratio of 33.47, a P/E/G ratio of 3.72 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The firm had revenue of $549.30 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.22 earnings per share. As a group, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $1.515 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.04%. Mid-America Apartment Communities's payout ratio is currently 126.25%.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amber Fairbanks sold 173 shares of the 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 completion of the transaction, the executive vice president now owns 3,012 shares of the company's stock, valued at $502,552.20. This represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,313 shares of company stock valued at $1,171,707. 1.20% of the stock is owned by insiders.

About Mid-America Apartment Communities

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.