91,975 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 91,975 shares of the real estate investment trust's stock, valued at approximately $14,217,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Mid-America Apartment Communities as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of MAA. Norges Bank bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $826,562,000. Capital World Investors boosted its stake in Mid-America Apartment Communities by 45.9% during the 4th quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust's stock valued at $1,025,868,000 after purchasing an additional 2,088,143 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Mid-America Apartment Communities by 312.6% during the 4th quarter. Deutsche Bank AG now owns 1,226,026 shares of the real estate investment trust's stock worth $189,507,000 after acquiring an additional 928,851 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Mid-America Apartment Communities by 26.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust's stock worth $517,015,000 after acquiring an additional 708,125 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter worth $95,671,000. 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 dated 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. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amber Fairbanks sold 173 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the transaction, the executive vice president now owns 3,012 shares in the company, valued at approximately $502,552.20. The trade was a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,313 shares of company stock worth $1,171,707. 1.20% of the stock is owned by insiders.

Mid-America Apartment Communities Trading Down 2.0%

NYSE MAA traded down $3.11 during mid-day trading on Tuesday, reaching $152.56. 1,252,782 shares of the stock were exchanged, compared to its average volume of 752,764. Mid-America Apartment Communities, Inc. has a one year low of $133.99 and a one year high of $173.38. The stock has a 50 day simple moving average of $158.72 and a 200-day simple moving average of $158.08. The stock has a market cap of $17.86 billion, a P/E ratio of 34.05, 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.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. The firm had revenue of $549.30 million during the quarter, compared to the consensus estimate 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% 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, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.97%. 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

Several brokerages recently issued reports on MAA. Robert W. Baird increased their price objective on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Royal Bank of Canada raised their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Barclays raised their price target 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. Evercore ISI lifted 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. Finally, Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their target price for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $169.50.

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.