Universal Beteiligungs und Servicegesellschaft mbH Invests $14.22 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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.

A number of other large investors have also modified their holdings of the stock. Azzad Asset Management Inc. ADV increased its holdings in Mid-America Apartment Communities by 2.9% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 14,666 shares of the real estate investment trust's stock worth $2,267,000 after purchasing an additional 418 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Mid-America Apartment Communities by 32.4% in the 4th quarter. Toronto Dominion Bank now owns 76,404 shares of the real estate investment trust's stock worth $11,810,000 after acquiring an additional 18,702 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $328,000. Cornerstone Advisory LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $259,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Mid-America Apartment Communities by 5.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,986 shares of the real estate investment trust's stock worth $174,507,000 after acquiring an additional 54,763 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

Shares of MAA traded up $0.80 during midday trading on Friday, reaching $156.55. The stock had a trading volume of 1,329,352 shares, compared to its average volume of 749,615. Mid-America Apartment Communities, Inc. has a 52 week low of $133.19 and a 52 week high of $173.38. 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 firm's 50 day moving average price is $159.14 and its 200-day moving average price is $158.13. The company has a market capitalization of $18.33 billion, a P/E ratio of 34.94, a P/E/G 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 earnings per share (EPS) 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 analysts' expectations of $551.21 million. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.22 EPS. On average, analysts forecast 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. Investors of record on Tuesday, July 15th will be issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is 126.25%.

Insider Activity

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $166.24, for a total value of $724,473.92. Following the transaction, the chief executive officer now owns 324,171 shares in the company, valued at $53,890,187.04. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 value of $28,865.05. Following the completion of the transaction, the executive vice president now owns 3,012 shares in the company, valued at $502,552.20. This trade represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,313 shares of company stock worth $1,171,707. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MAA has been the subject of several research reports. Truist Financial decreased their target price on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Raymond James downgraded Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $185.00 to $175.00 in a report on Thursday, May 15th. Robert W. Baird raised their price target 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. Scotiabank raised their price target on Mid-America Apartment Communities from $182.00 to $194.00 and gave the stock a "sector outperform" rating in a report on Monday, May 12th. Finally, JMP Securities raised their price target on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and an average target price of $169.50.

About Mid-America Apartment Communities

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.