Hsbc Holdings PLC Grows Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Hsbc Holdings PLC lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 334,538 shares of the real estate investment trust's stock after buying an additional 15,136 shares during the quarter. Hsbc Holdings PLC owned approximately 0.29% of Mid-America Apartment Communities worth $51,654,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital World Investors raised its holdings in Mid-America Apartment Communities by 45.9% during the fourth 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 acquiring an additional 2,088,143 shares during the period. Norges Bank bought a new stake in Mid-America Apartment Communities during the 4th quarter valued at approximately $826,562,000. JPMorgan Chase & Co. lifted its holdings 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 worth $517,015,000 after purchasing an additional 708,125 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $492,421,000 after purchasing an additional 52,050 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake 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 worth $410,641,000 after purchasing an additional 40,436 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 7,140 shares of company stock valued at $1,142,842 in the last 90 days. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MAA. Evercore ISI boosted their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. StockNews.com raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Wednesday, April 23rd. BMO Capital Markets reduced their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and increased their price target for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Finally, Wells Fargo & Company reduced their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mid-America Apartment Communities currently has a consensus rating of "Moderate Buy" and an average price target of $168.76.

Mid-America Apartment Communities Trading Up 0.6 %

Shares of NYSE:MAA traded up $0.97 during trading hours on Wednesday, hitting $158.46. 220,619 shares of the company's stock traded hands, compared to its average volume of 734,684. The firm has a market capitalization of $18.52 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. The business has a fifty day moving average price of $161.39 and a 200-day moving average price of $157.29. Mid-America Apartment Communities, Inc. has a 1 year low of $126.77 and a 1 year 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.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is presently 135.27%.

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.