Investure LLC Acquires 17,618 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Investure LLC increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 140,688 shares of the real estate investment trust's stock after buying an additional 17,618 shares during the quarter. Mid-America Apartment Communities comprises about 1.3% of Investure LLC's investment portfolio, making the stock its 6th biggest position. Investure LLC owned 0.12% of Mid-America Apartment Communities worth $21,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC boosted its position in shares of Mid-America Apartment Communities by 14.6% in the third quarter. MML Investors Services LLC now owns 8,331 shares of the real estate investment trust's stock worth $1,324,000 after buying an additional 1,064 shares during the period. Virtu Financial LLC acquired a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $1,162,000. Sanctuary Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 23.6% during the third quarter. Sanctuary Advisors LLC now owns 11,151 shares of the real estate investment trust's stock worth $1,795,000 after purchasing an additional 2,130 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Mid-America Apartment Communities in the third quarter valued at $63,000. Finally, Tidal Investments LLC grew its holdings in Mid-America Apartment Communities by 16.4% during the 3rd quarter. Tidal Investments LLC now owns 54,192 shares of the real estate investment trust's stock valued at $8,611,000 after purchasing an additional 7,644 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 NYSE MAA traded up $4.50 during mid-day trading on Tuesday, reaching $159.32. 186,333 shares of the company traded hands, compared to its average volume of 735,099. The firm has a market cap of $18.62 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. 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, Inc. has a fifty-two week low of $125.55 and a fifty-two week high of $173.38. The stock has a fifty day simple moving average of $161.21 and a 200-day simple moving average of $157.06.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate 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 research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $1.515 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.80%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 135.27%.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following the transaction, the chief executive officer now directly owns 324,171 shares of the company's stock, valued at $53,890,187.04. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 7,140 shares of company stock worth $1,142,842. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

MAA has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $173.00 to $182.00 in a research report on Friday, February 14th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. StockNews.com downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Finally, JMP Securities restated a "market outperform" rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of "Moderate Buy" and an average price target of $168.76.

Mid-America Apartment Communities 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.