NFJ Investment Group LLC Decreases Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

NFJ Investment Group LLC trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,644 shares of the real estate investment trust's stock after selling 8,016 shares during the period. Mid-America Apartment Communities makes up approximately 1.0% of NFJ Investment Group LLC's investment portfolio, making the stock its 25th largest holding. NFJ Investment Group LLC owned 0.17% of Mid-America Apartment Communities worth $30,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $46,000. UMB Bank n.a. increased its holdings in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 75 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in 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 valued at $56,000 after purchasing an additional 133 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $63,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on MAA. Evercore ISI raised their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. JMP Securities reiterated a "market outperform" rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Scotiabank upgraded shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. BMO Capital Markets decreased their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a research report on Tuesday, January 21st. Finally, Mizuho cut their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.76.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 319,813 shares of the company's stock, valued at $47,949,563.09. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 7,140 shares of company stock worth $1,142,842 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Mid-America Apartment Communities Stock Down 1.3 %

Mid-America Apartment Communities stock traded down $2.05 during midday trading on Monday, hitting $155.03. 146,254 shares of the stock were exchanged, compared to its average volume of 735,579. Mid-America Apartment Communities, Inc. has a 52-week low of $125.55 and a 52-week high of $173.38. The business's 50-day moving average price is $161.23 and its 200-day moving average price is $157.06. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $18.12 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released 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 net margin of 24.03% and a return on equity of 8.53%. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.91%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

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.