UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 54,763 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,128,986 shares of the real estate investment trust's stock after acquiring an additional 54,763 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.97% of Mid-America Apartment Communities worth $174,507,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. CoreCap Advisors LLC boosted its holdings 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 buying an additional 112 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Mid-America Apartment Communities by 37.2% during the 4th 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 bought a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $46,000. UMB Bank n.a. boosted its holdings in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after buying an additional 75 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities by 57.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $56,000 after buying an additional 133 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 3,012 shares in the company, valued at approximately $502,552.20. This represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO H Eric Bolton, Jr. sold 4,358 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the sale, the chief executive officer now owns 324,171 shares of the company's stock, valued at $53,890,187.04. This trade represents a 1.33% 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 worth $1,171,707 in the last ninety days. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MAA shares. Robert W. Baird upped their target price 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. Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their target price for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Raymond James lowered Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $185.00 to $175.00 in a research report on Thursday, May 15th. Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, Evercore ISI upped their target price 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $169.41.

Mid-America Apartment Communities Trading Down 1.1%

Shares of MAA opened at $154.38 on Friday. The stock's fifty day simple moving average is $160.10 and its 200 day simple moving average is $158.26. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a twelve month low of $126.77 and a twelve month high of $173.38. The firm has a market capitalization of $18.07 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. The company had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. Mid-America Apartment Communities's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 earnings per share. On average, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Tuesday, July 15th. 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.

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