Lido Advisors LLC Grows Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Lido Advisors LLC raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 90.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,142 shares of the real estate investment trust's stock after acquiring an additional 1,496 shares during the quarter. Lido Advisors LLC's holdings in Mid-America Apartment Communities were worth $486,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MAA. Norges Bank acquired a new position in Mid-America Apartment Communities during the fourth quarter worth about $826,562,000. Capital World Investors lifted its stake 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 worth $1,025,868,000 after purchasing an additional 2,088,143 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Mid-America Apartment Communities by 26.9% during 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $95,671,000. Finally, Aew Capital Management L P increased its holdings in shares of Mid-America Apartment Communities by 516.3% in the fourth quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust's stock valued at $97,533,000 after purchasing an additional 528,608 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 0.1 %

NYSE:MAA traded up $0.21 during midday trading on Wednesday, reaching $164.86. The company had a trading volume of 820,045 shares, compared to its average volume of 731,722. Mid-America Apartment Communities, Inc. has a 12-month low of $126.77 and a 12-month high of $173.38. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 3.72 and a beta of 0.80. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock's fifty day simple moving average is $161.33 and its 200-day simple moving average is $157.70.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The business had revenue of $549.30 million during the quarter, compared to analysts' expectations of $551.21 million. During the same quarter last year, the business posted $2.22 EPS. The business's quarterly revenue was up 1.0% compared to the same quarter last year. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a dividend of $1.515 per share. The ex-dividend date was Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.68%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 126.25%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MAA. Wells Fargo & Company lowered 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. Barclays dropped their price objective on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Scotiabank raised shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Robert W. Baird increased their price target 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. Finally, BMO Capital Markets cut their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $168.45.

Insider Buying and Selling

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction dated 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 in the company, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Amber Fairbanks sold 173 shares of the firm'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 sale, the executive vice president now directly owns 3,012 shares in the company, valued at approximately $502,552.20. The trade was a 5.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,313 shares of company stock worth $1,171,707. Corporate insiders own 1.30% of the company's stock.

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.