Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 29.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,313 shares of the real estate investment trust's stock after acquiring an additional 27,338 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Mid-America Apartment Communities worth $19,994,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MAA. Alhambra Investment Management LLC grew its position in Mid-America Apartment Communities by 3.1% during the first quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock valued at $363,000 after buying an additional 66 shares during the period. Huntington National Bank grew its position in Mid-America Apartment Communities by 6.4% during the fourth quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock valued at $181,000 after buying an additional 70 shares during the period. Stephens Inc. AR grew its position in Mid-America Apartment Communities by 2.6% during the first quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after buying an additional 70 shares during the period. Signaturefd LLC grew its position in Mid-America Apartment Communities by 2.9% during the first quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock valued at $478,000 after buying an additional 81 shares during the period. Finally, AlphaStar Capital Management LLC grew its position in Mid-America Apartment Communities by 2.8% during the first quarter. AlphaStar Capital Management LLC now owns 3,158 shares of the real estate investment trust's stock valued at $529,000 after buying an additional 87 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Price Performance

MAA stock traded up $0.07 during midday trading on Friday, reaching $151.75. The stock had a trading volume of 560,418 shares, compared to its average volume of 860,699. The company's fifty day simple moving average is $151.35 and its 200 day simple moving average is $156.20. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a market cap of $17.76 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 3.88 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 52-week low of $139.60 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a return on equity of 9.19% and a net margin of 25.70%. The company had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. During the same quarter last year, the firm posted $2.22 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 3.99%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Truist Financial lowered their price target on shares of 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. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Barclays lifted 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 report on Friday, May 9th. UBS Group lowered their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. Finally, JMP Securities lifted their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $168.81.

Insider Activity

In related news, EVP Amber Fairbanks sold 173 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the sale, the executive vice president directly owned 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company 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.