Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 37.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,143 shares of the real estate investment trust's stock after selling 8,479 shares during the quarter. SG Americas Securities LLC's holdings in Mid-America Apartment Communities were worth $1,902,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TCM Advisors LLC bought a new position in Mid-America Apartment Communities in the second quarter worth about $27,335,000. ST Germain D J Co. Inc. purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $36,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $35,000. Quarry LP grew its stake in shares of Mid-America Apartment Communities by 186.5% during the first quarter. Quarry LP now owns 275 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 179 shares during the last quarter. Finally, Hibernia Wealth Partners LLC purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $46,000. 93.60% of the stock is currently owned by institutional investors.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 4,028 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $130.21, for a total transaction of $524,485.88. Following the completion of the transaction, the chief executive officer now directly owns 304,523 shares in the company, valued at approximately $39,651,939.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO H Eric Bolton, Jr. sold 4,028 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $130.21, for a total transaction of $524,485.88. Following the completion of the transaction, the chief executive officer now directly owns 304,523 shares in the company, valued at approximately $39,651,939.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Melanie Carpenter sold 371 shares of the firm's stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $131.33, for a total value of $48,723.43. Following the transaction, the executive vice president now owns 19,067 shares of the company's stock, valued at $2,504,069.11. The disclosure for this sale can be found here. Company insiders own 1.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada restated a "sector perform" rating and set a $136.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. Mizuho dropped their price target on Mid-America Apartment Communities from $132.00 to $126.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 28th. The Goldman Sachs Group reiterated a "buy" rating and issued a $149.00 target price on shares of Mid-America Apartment Communities in a research report on Thursday, February 22nd. Morgan Stanley upped their target price on Mid-America Apartment Communities from $128.00 to $129.50 and gave the company an "equal weight" rating in a research report on Monday, February 26th. Finally, Scotiabank upgraded Mid-America Apartment Communities from a "sector underperform" rating to a "sector perform" rating and upped their target price for the company from $133.00 to $147.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $143.76.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock traded up $0.78 during mid-day trading on Thursday, hitting $131.58. The company had a trading volume of 741,521 shares, compared to its average volume of 921,707. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $158.46. The company's fifty day moving average is $129.20 and its 200-day moving average is $129.16. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 4.12 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.93). The business had revenue of $542.25 million for the quarter, compared to analyst estimates of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.32 earnings per share. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.94 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities's dividend payout ratio is presently 124.84%.

Mid-America Apartment Communities Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.