Two Sigma Advisers LP Has $10.17 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Two Sigma Advisers LP raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 44.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,800 shares of the real estate investment trust's stock after purchasing an additional 20,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.06% of Mid-America Apartment Communities worth $10,171,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Tidal Investments LLC lifted its holdings in Mid-America Apartment Communities by 6.1% during the 4th quarter. Tidal Investments LLC now owns 57,483 shares of the real estate investment trust's stock valued at $8,885,000 after purchasing an additional 3,291 shares during the last quarter. Starwood Capital Group Management L.L.C. increased its position in Mid-America Apartment Communities by 17.7% during the 4th quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock worth $33,914,000 after buying an additional 33,000 shares during the period. State of Wyoming increased its position in Mid-America Apartment Communities by 15.4% during the 4th quarter. State of Wyoming now owns 742 shares of the real estate investment trust's stock worth $115,000 after buying an additional 99 shares during the period. Toronto Dominion Bank increased its position in Mid-America Apartment Communities by 32.4% during the 4th quarter. Toronto Dominion Bank now owns 76,404 shares of the real estate investment trust's stock worth $11,810,000 after buying an additional 18,702 shares during the period. Finally, Siemens Fonds Invest GmbH bought a new position in Mid-America Apartment Communities during the 4th quarter worth $2,391,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's 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 transaction, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Amber Fairbanks sold 173 shares of the business'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 directly owns 3,012 shares in the company, valued at approximately $502,552.20. This trade represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock valued at $1,171,707 over the last ninety days. 1.30% of the stock is owned by company insiders.

Mid-America Apartment Communities Trading Down 0.4%

Shares of Mid-America Apartment Communities stock traded down $0.65 during midday trading on Wednesday, reaching $153.59. The company had a trading volume of 157,957 shares, compared to its average volume of 746,128. The stock has a fifty day moving average price of $159.56 and a 200 day moving average price of $158.23. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $17.98 billion, a PE ratio of 34.27, a P/E/G ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a fifty-two week low of $126.77 and a fifty-two week high of $173.38.

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 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. The company had revenue of $549.30 million for 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 quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.22 earnings per share. On average, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and raised their price target for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Barclays raised their price target on Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Royal Bank of Canada raised their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Evercore ISI raised their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, Robert W. Baird raised their price target on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, nine have given 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 presently has a consensus rating of "Hold" and a consensus price target of $169.50.

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.