Two Sigma Investments LP Sells 21,577 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

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

A number of other institutional investors also recently modified their holdings of the business. Metis Global Partners LLC increased its stake in Mid-America Apartment Communities by 9.5% in the fourth quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock valued at $2,670,000 after acquiring an additional 1,499 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in Mid-America Apartment Communities by 1,582.9% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust's stock worth $1,035,000 after acquiring an additional 6,300 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Mid-America Apartment Communities by 31.6% in the fourth quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock worth $29,280,000 after purchasing an additional 45,519 shares during the last quarter. Starwood Capital Group Management L.L.C. lifted its holdings 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. Finally, Vert Asset Management LLC grew its position in shares of Mid-America Apartment Communities by 9.6% in the 4th quarter. Vert Asset Management LLC now owns 51,374 shares of the real estate investment trust's stock valued at $7,941,000 after buying an additional 4,499 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 173 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 3,012 shares of the company's stock, valued at $502,552.20. This trade represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,313 shares of company stock worth $1,171,707 in the last quarter. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MAA has been the topic of several analyst reports. Truist Financial reduced their target price on 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. Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Raymond James lowered shares of Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $185.00 to $175.00 in a report on Thursday, May 15th. Barclays upped their price target on shares of 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. Finally, Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has an average rating of "Hold" and a consensus target price of $169.50.

Mid-America Apartment Communities Stock Down 0.2%

NYSE MAA traded down $0.24 on Friday, reaching $155.51. The company had a trading volume of 112,508 shares, compared to its average volume of 746,903. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company's fifty day moving average is $159.27 and its 200 day moving average is $158.18. Mid-America Apartment Communities, Inc. has a 52-week low of $129.25 and a 52-week high of $173.38. The stock has a market capitalization of $18.20 billion, a P/E ratio of 34.74, a P/E/G ratio of 3.72 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The company had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. During the same quarter in the prior year, the company posted $2.22 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $1.515 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 annualized dividend and a yield of 3.90%. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Mid-America Apartment Communities Company 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.