Nomura Holdings Inc. Invests $2.69 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Nomura Holdings Inc. bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,418 shares of the real estate investment trust's stock, valued at approximately $2,692,000.

Other large investors also recently modified their holdings of the company. Nuveen Asset Management LLC lifted its holdings in Mid-America Apartment Communities by 39.4% during the 4th quarter. Nuveen Asset Management LLC now owns 707,776 shares of the real estate investment trust's stock worth $109,401,000 after purchasing an additional 200,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Mid-America Apartment Communities by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,201 shares of the real estate investment trust's stock worth $1,886,000 after buying an additional 530 shares during the period. Lighthouse Investment Partners LLC raised its stake in shares of Mid-America Apartment Communities by 16.9% in the fourth quarter. Lighthouse Investment Partners LLC now owns 81,835 shares of the real estate investment trust's stock worth $12,649,000 after purchasing an additional 11,835 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $7,860,000. Finally, Focus Partners Wealth grew its holdings in Mid-America Apartment Communities by 76.3% during the fourth quarter. Focus Partners Wealth now owns 20,040 shares of the real estate investment trust's stock valued at $3,098,000 after purchasing an additional 8,673 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock traded down $1.00 during trading hours on Tuesday, hitting $160.34. The stock had a trading volume of 593,099 shares, compared to its average volume of 744,382. Mid-America Apartment Communities, Inc. has a fifty-two week low of $126.77 and a fifty-two week high of $173.38. 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 company has a 50-day moving average of $160.47 and a two-hundred day moving average of $158.25. The company has a market cap of $18.77 billion, a PE ratio of 35.79, a price-to-earnings-growth 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 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 firm had revenue of $549.30 million for the quarter, compared to the consensus estimate of $551.21 million. During the same quarter last year, the business posted $2.22 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.78%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Analyst Upgrades and Downgrades

MAA has been the topic of several recent research reports. Scotiabank increased their price objective on Mid-America Apartment Communities from $182.00 to $194.00 and gave the company a "sector outperform" rating in a research report on Monday, May 12th. Wells Fargo & Company reduced their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Robert W. Baird boosted their target price on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI upped their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $169.09.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the transaction, the chief executive officer now owns 324,171 shares in the company, valued at $53,890,187.04. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Amber Fairbanks sold 173 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the sale, the executive vice president now owns 3,012 shares of the company's stock, valued at approximately $502,552.20. This represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,313 shares of company stock worth $1,171,707 in the last quarter. Insiders own 1.20% of the company's stock.

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.