Two Sigma Investments LP Cuts Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Two Sigma Investments LP trimmed its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 31.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,647 shares of the real estate investment trust's stock after selling 21,577 shares during the period. Two Sigma Investments LP's holdings in Mid-America Apartment Communities were worth $7,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. CoreCap Advisors LLC grew its stake in shares of Mid-America Apartment Communities by 94.9% during 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 during the period. IFP Advisors Inc boosted its holdings in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after buying an additional 68 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Mid-America Apartment Communities during the fourth quarter worth $46,000. Catalyst Capital Advisors LLC grew its position in Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 133 shares during the period. Finally, Sandy Spring Bank increased its holdings in Mid-America Apartment Communities by 25.2% in the fourth quarter. Sandy Spring Bank now owns 447 shares of the real estate investment trust's stock valued at $69,000 after buying an additional 90 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their target price on shares of 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. Raymond James cut Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $185.00 to $175.00 in a report on Thursday, May 15th. Scotiabank increased their price target on Mid-America Apartment Communities from $182.00 to $194.00 and gave the stock a "sector outperform" rating in a research report on Monday, May 12th. Evercore ISI raised their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Barclays boosted their price objective on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $169.50.

Mid-America Apartment Communities Price Performance

MAA traded up $0.49 on Thursday, reaching $155.31. 319,340 shares of the company's stock were exchanged, compared to its average volume of 857,458. Mid-America Apartment Communities, Inc. has a twelve month low of $126.77 and a twelve month high of $173.38. The stock has a market cap of $18.18 billion, a PE ratio of 34.67, 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. The stock's fifty day moving average price is $159.44 and its 200-day moving average price is $158.21.

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 analysts' consensus estimates of $2.16 by $0.04. The business had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The business's revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $2.22 EPS. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is currently 126.25%.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $166.24, for a total value of $724,473.92. Following the completion of the sale, the chief executive officer now directly owns 324,171 shares of the company's stock, valued at approximately $53,890,187.04. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Amber Fairbanks sold 173 shares of the stock in a transaction dated 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 in the company, valued at approximately $502,552.20. The trade was a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,313 shares of company stock valued at $1,171,707 in the last three months. 1.30% of the stock is currently owned by insiders.

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.