Sustainable Insight Capital Management LLC Buys New Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Key Points

• Sustainable Insight Capital Management LLC has invested approximately $436,000 in Mid-America Apartment Communities, acquiring 2,600 shares of the real estate investment trust during the first quarter.
• Recent analyst ratings show a mix of opinions on MAA, with one sell rating, twelve hold ratings, and eight buy ratings, reflecting a consensus price target of $166.95.
• Mid-America Apartment Communities recently declared a quarterly dividend of $1.515 per share, resulting in an annual yield of 4.4% despite a high dividend payout ratio of 124.69%.

Sustainable Insight Capital Management LLC purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,600 shares of the real estate investment trust's stock, valued at approximately $436,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 91 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Mid-America Apartment Communities in the 1st quarter worth about $38,000. GoalVest Advisory LLC boosted its stake in Mid-America Apartment Communities by 200.0% in the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 160 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Mid-America Apartment Communities in the 1st quarter worth about $46,000. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock traded up $0.85 during midday trading on Friday, hitting $140.88. The stock had a trading volume of 927,438 shares, compared to its average volume of 904,769. The firm's fifty day moving average is $147.87 and its two-hundred day moving average is $155.51. The company has a market capitalization of $16.49 billion, a PE ratio of 28.99, a P/E/G ratio of 3.74 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. During the same period last year, the firm posted $2.22 EPS. The company's revenue was up .6% on a year-over-year basis. On average, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $1.515 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.3%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 124.69%.

Analyst Ratings Changes

MAA has been the topic of a number of analyst reports. Evercore ISI dropped their price target on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a research note on Tuesday. Barclays lowered their target price on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Robert W. Baird upped their target price on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and lowered their target price for the company from $161.00 to $150.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $163.21.

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.