Snyder Capital Management L P Purchases 26,380 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Snyder Capital Management L P raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,847 shares of the real estate investment trust's stock after buying an additional 26,380 shares during the period. Snyder Capital Management L P owned about 0.17% of Mid-America Apartment Communities worth $30,118,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Two Sigma Securities LLC bought a new stake in Mid-America Apartment Communities in the fourth quarter valued at approximately $507,000. Price T Rowe Associates Inc. MD increased its stake in shares of Mid-America Apartment Communities by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 164,112 shares of the real estate investment trust's stock worth $25,368,000 after purchasing an additional 504 shares during the period. Dark Forest Capital Management LP increased its stake in shares of Mid-America Apartment Communities by 60.4% during the fourth quarter. Dark Forest Capital Management LP now owns 3,437 shares of the real estate investment trust's stock worth $531,000 after purchasing an additional 1,294 shares during the period. Hsbc Holdings PLC increased its stake in shares of Mid-America Apartment Communities by 4.7% during the fourth quarter. Hsbc Holdings PLC now owns 334,538 shares of the real estate investment trust's stock worth $51,654,000 after purchasing an additional 15,136 shares during the period. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 42.8% during the fourth quarter. OneDigital Investment Advisors LLC now owns 7,416 shares of the real estate investment trust's stock worth $1,146,000 after purchasing an additional 2,221 shares during the period. Institutional investors own 93.60% of the company's stock.

Insiders Place Their Bets

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the 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 completion of the sale, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 7,140 shares of company stock worth $1,142,842. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

MAA has been the topic of a number of recent research reports. BMO Capital Markets lowered their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a research note on Tuesday, January 21st. Evercore ISI increased their target price 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. Raymond James increased their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research report on Thursday, March 20th. Barclays reduced their price target on 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. Finally, StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $168.76.

Mid-America Apartment Communities Trading Up 0.3 %

NYSE:MAA traded up $0.43 during trading hours on Wednesday, hitting $157.92. 339,114 shares of the company were exchanged, compared to its average volume of 735,125. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a one year low of $126.77 and a one year high of $173.38. The company has a fifty day simple moving average of $161.39 and a 200 day simple moving average of $157.29.

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 EPS 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%. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is 135.27%.

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.