Gotham Asset Management LLC Has $4.72 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Gotham Asset Management LLC trimmed its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,549 shares of the real estate investment trust's stock after selling 3,128 shares during the period. Gotham Asset Management LLC's holdings in Mid-America Apartment Communities were worth $4,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors increased its holdings in Mid-America Apartment Communities by 45.9% in 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. Norges Bank purchased a new position in Mid-America Apartment Communities in the 4th quarter valued at about $826,562,000. JPMorgan Chase & Co. boosted its position in Mid-America Apartment Communities by 26.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust's stock valued at $517,015,000 after buying an additional 708,125 shares during the last quarter. Geode Capital Management LLC boosted its position in Mid-America Apartment Communities by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,193,188 shares of the real estate investment trust's stock valued at $492,421,000 after buying an additional 52,050 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Mid-America Apartment Communities by 1.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,656,669 shares of the real estate investment trust's stock valued at $410,641,000 after buying an additional 40,436 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $166.85, for a total transaction of $28,865.05. Following 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 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, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the transaction, the chief executive officer now owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,313 shares of company stock worth $1,171,707 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded down $1.84 during trading hours on Monday, hitting $161.36. The stock had a trading volume of 275,020 shares, compared to its average volume of 742,091. The stock's fifty day simple moving average is $160.48 and its 200 day simple moving average is $158.16. Mid-America Apartment Communities, Inc. has a 1-year low of $126.77 and a 1-year high of $173.38. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 36.02, a PEG ratio of 3.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. 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 business earned $2.22 earnings per share. Mid-America Apartment Communities's revenue was up 1.0% compared to the same quarter last year. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were paid a dividend of $1.515 per share. The ex-dividend date was Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.76%. Mid-America Apartment Communities's dividend payout ratio is presently 126.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of 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. JMP Securities reissued a "market outperform" rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Robert W. Baird upped their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. BMO Capital Markets decreased their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price target on shares of 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $169.09.

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.