Worldquant Millennium Advisors LLC Has $319,000 Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Worldquant Millennium Advisors LLC decreased its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 53.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,064 shares of the real estate investment trust's stock after selling 2,387 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Mid-America Apartment Communities were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Park Avenue Securities LLC raised its holdings in shares of Mid-America Apartment Communities by 36.4% during the fourth quarter. Park Avenue Securities LLC now owns 2,876 shares of the real estate investment trust's stock valued at $445,000 after acquiring an additional 768 shares during the period. Merit Financial Group LLC acquired a new stake in Mid-America Apartment Communities during the 4th quarter valued at $577,000. UMB Bank n.a. lifted its holdings in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 75 shares in the last quarter. Baker Ellis Asset Management LLC boosted its position in shares of Mid-America Apartment Communities by 2.6% in the fourth quarter. Baker Ellis Asset Management LLC now owns 43,998 shares of the real estate investment trust's stock worth $6,801,000 after buying an additional 1,110 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Mid-America Apartment Communities by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,154 shares of the real estate investment trust's stock valued at $3,424,000 after buying an additional 382 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. JMP Securities raised their price target on shares of 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. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their target price for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Robert W. Baird upped their price target on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of "Hold" and an average target price of $169.50.

Insider Buying and Selling

In other news, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 3,012 shares in the company, valued at $502,552.20. The trade was a 5.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at $47,949,563.09. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,313 shares of company stock valued at $1,171,707. Insiders own 1.20% of the company's stock.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded up $1.72 during trading on Tuesday, reaching $154.48. The stock had a trading volume of 494,978 shares, compared to its average volume of 857,918. The stock has a fifty day simple moving average of $159.73 and a two-hundred day simple moving average of $158.26. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52 week low of $126.77 and a 52 week high of $173.38. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 3.72 and a beta of 0.80.

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

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.92%. Mid-America Apartment Communities's dividend payout ratio is presently 126.25%.

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.