Hudson Bay Capital Management LP Makes New Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Hudson Bay Capital Management LP acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 50,853 shares of the real estate investment trust's stock, valued at approximately $7,860,000.

Several other large investors have also made changes to their positions in MAA. Principal Financial Group Inc. boosted its holdings in shares of Mid-America Apartment Communities by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 143,909 shares of the real estate investment trust's stock valued at $22,867,000 after acquiring an additional 4,618 shares during the last quarter. Czech National Bank boosted its holdings in shares of Mid-America Apartment Communities by 6.4% in the 4th quarter. Czech National Bank now owns 25,342 shares of the real estate investment trust's stock valued at $3,917,000 after acquiring an additional 1,534 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities by 27.1% in the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust's stock valued at $9,040,000 after acquiring an additional 12,454 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Mid-America Apartment Communities by 36.4% in the 4th 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 last quarter. Finally, Capital Advisors Wealth Management LLC boosted its holdings in shares of Mid-America Apartment Communities by 21.2% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 6,577 shares of the real estate investment trust's stock valued at $1,017,000 after acquiring an additional 1,149 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA traded up $2.67 during mid-day trading on Friday, reaching $163.57. The company's stock had a trading volume of 1,660,835 shares, compared to its average volume of 743,903. The stock has a 50-day moving average of $160.48 and a two-hundred day moving average of $158.12. The stock has a market capitalization of $19.15 billion, a P/E ratio of 36.51, 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 quick ratio of 0.08 and a current ratio of 0.08. Mid-America Apartment Communities, Inc. has a 1-year low of $126.77 and a 1-year high of $173.38.

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 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. The business had revenue of $549.30 million during the quarter, compared to analysts' expectations of $551.21 million. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.22 earnings per share. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is 126.25%.

Insider Activity

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following the completion of the sale, the chief executive officer now owns 324,171 shares of the company's stock, valued at approximately $53,890,187.04. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Amber Fairbanks sold 173 shares of the company'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 sale, the executive vice president now directly owns 3,012 shares of the company's stock, valued at $502,552.20. This represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,313 shares of company stock worth $1,171,707 over the last three months. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MAA shares. Robert W. Baird boosted their target price on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Truist Financial boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Wells Fargo & Company decreased their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Raymond James cut shares of Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $185.00 to $175.00 in a research note on Thursday. Finally, Barclays boosted their target price on shares of Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. 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, Mid-America Apartment Communities presently has a consensus rating of "Hold" and a consensus target price of $169.09.

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.