Tidal Investments LLC Increases Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Tidal Investments LLC lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,483 shares of the real estate investment trust's stock after buying an additional 3,291 shares during the quarter. Tidal Investments LLC's holdings in Mid-America Apartment Communities were worth $8,885,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Capital World Investors grew its stake in Mid-America Apartment Communities by 45.9% during the 4th 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 in the last quarter. Norges Bank acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $826,562,000. JPMorgan Chase & Co. grew its position in shares of Mid-America Apartment Communities by 26.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust's stock worth $517,015,000 after acquiring an additional 708,125 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Mid-America Apartment Communities by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,193,188 shares of the real estate investment trust's stock worth $492,421,000 after acquiring an additional 52,050 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Mid-America Apartment Communities by 1.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,656,669 shares of the real estate investment trust's stock valued at $410,641,000 after purchasing an additional 40,436 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 1.2%

Shares of Mid-America Apartment Communities stock opened at $161.25 on Tuesday. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 35.99, a P/E/G ratio of 3.72 and a beta of 0.80. 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, Inc. has a 52-week low of $126.77 and a 52-week high of $173.38. The stock has a 50-day simple moving average of $160.47 and a 200-day simple moving average of $158.25.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results 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 firm's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.22 EPS. On average, equities research analysts expect 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 company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a dividend of $1.515 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.76%. Mid-America Apartment Communities's dividend payout ratio is 126.25%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Raymond James downgraded Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $185.00 to $175.00 in a research note on Thursday, May 15th. JMP Securities reaffirmed a "market outperform" rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. Robert W. Baird lifted their price target on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Truist Financial lifted their price target on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average price target of $169.09.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of the firm's 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 transaction, the executive vice president now directly owns 3,012 shares of the company's stock, valued at approximately $502,552.20. This trade represents a 5.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 value of $396,264.99. Following the completion of the transaction, the chief executive officer now directly owns 319,813 shares in the company, valued at $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. In the last ninety days, insiders have sold 7,313 shares of company stock valued at $1,171,707. Corporate insiders own 1.20% of the company's stock.

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.

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