Long Pond Capital LP Sells 31,466 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Long Pond Capital LP lessened its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 685,611 shares of the real estate investment trust's stock after selling 31,466 shares during the quarter. Mid-America Apartment Communities accounts for approximately 5.4% of Long Pond Capital LP's holdings, making the stock its 6th biggest position. Long Pond Capital LP owned approximately 0.59% of Mid-America Apartment Communities worth $105,975,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $826,562,000. JPMorgan Chase & Co. raised its stake in shares of Mid-America Apartment Communities by 26.9% in the fourth 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. bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at $95,671,000. Aew Capital Management L P boosted its position in shares of Mid-America Apartment Communities by 516.3% during 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 buying an additional 528,608 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Mid-America Apartment Communities by 200.5% in the 4th quarter. Russell Investments Group Ltd. now owns 455,640 shares of the real estate investment trust's stock worth $70,300,000 after buying an additional 304,021 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James boosted their target price on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Thursday, March 20th. Barclays decreased their price target on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Evercore ISI upped their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their target price for the company from $148.00 to $190.00 in a research report on Monday, March 10th. Finally, Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of "Moderate Buy" and an average price target of $168.76.

Mid-America Apartment Communities Trading Up 3.1 %

MAA stock traded up $4.79 during midday trading on Tuesday, reaching $159.61. The company's stock had a trading volume of 174,302 shares, compared to its average volume of 879,699. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 1 year low of $125.99 and a 1 year high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a fifty day simple moving average of $161.21 and a two-hundred day simple moving average of $157.06.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share 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%. On average, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. 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 payout ratio is currently 135.27%.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's stock in a transaction 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 in the company, valued at approximately $47,949,563.09. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 7,140 shares of company stock valued at $1,142,842 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

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.