Mid-America Apartment Communities, Inc. (NYSE:MAA) Holdings Increased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,616 shares of the real estate investment trust's stock after buying an additional 5,370 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Mid-America Apartment Communities were worth $6,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MAA. IFP Advisors Inc grew its holdings in shares of Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 68 shares during the period. Headlands Technologies LLC acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter worth $46,000. UMB Bank n.a. boosted its position in shares of Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after buying an additional 75 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 57.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 133 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $63,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 173 shares of the business'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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,313 shares of company stock valued at $1,171,707. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of analyst reports. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $173.00 to $182.00 in a report on Friday, February 14th. Robert W. Baird lifted their price objective on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. JMP Securities reissued a "market outperform" rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Truist Financial raised their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Finally, Morgan Stanley raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $168.45.

Mid-America Apartment Communities Stock Up 0.1 %

NYSE:MAA traded up $0.21 during mid-day trading on Wednesday, hitting $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 1 year low of $126.77 and a 1 year high of $173.38. The business has a fifty day simple moving average of $161.33 and a 200-day simple moving average of $157.70. 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 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.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, topping 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 firm had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. During the same period in the previous year, the company posted $2.22 EPS. Mid-America Apartment Communities's revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a $1.515 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.68%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 126.25%.

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.