Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 77.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,562 shares of the real estate investment trust's stock after acquiring an additional 95,552 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.19% of Mid-America Apartment Communities worth $29,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Mid-America Apartment Communities by 9.2% in the 4th quarter. Nordea Investment Management AB now owns 155,151 shares of the real estate investment trust's stock worth $21,020,000 after buying an additional 13,045 shares during the period. Columbus Macro LLC purchased a new stake in Mid-America Apartment Communities in the 4th quarter worth approximately $1,280,000. Sunesis Advisors LLC lifted its holdings in Mid-America Apartment Communities by 393.1% in the 4th quarter. Sunesis Advisors LLC now owns 22,842 shares of the real estate investment trust's stock worth $3,071,000 after buying an additional 18,210 shares during the period. Covestor Ltd lifted its holdings in Mid-America Apartment Communities by 71.9% in the 3rd quarter. Covestor Ltd now owns 667 shares of the real estate investment trust's stock worth $86,000 after buying an additional 279 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Mid-America Apartment Communities by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,252,014 shares of the real estate investment trust's stock worth $161,072,000 after buying an additional 16,889 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the completion of the sale, the chief executive officer now owns 317,737 shares of the company's stock, valued at approximately $40,057,103.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the completion of the sale, the chief executive officer now owns 317,737 shares of the company's stock, valued at approximately $40,057,103.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO H Eric Bolton, Jr. sold 4,028 shares of Mid-America Apartment Communities stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 304,523 shares of the company's stock, valued at approximately $39,651,939.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,835 shares of company stock valued at $878,441. Company insiders own 1.33% of the company's stock.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock traded up $5.62 during trading on Monday, hitting $132.72. 1,106,805 shares of the company's stock traded hands, compared to its average volume of 904,373. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $158.46. The business has a 50-day simple moving average of $128.56 and a 200-day simple moving average of $128.68. The stock has a market capitalization of $15.49 billion, a P/E ratio of 28.18, a PEG ratio of 4.07 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.09 and a quick ratio of 0.09.

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

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 124.84%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAA. Mizuho lowered their target price on Mid-America Apartment Communities from $132.00 to $126.00 and set a "neutral" rating for the company in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Mid-America Apartment Communities in a research note on Tuesday, January 30th. They issued a "hold" rating and a $139.00 target price for the company. Jefferies Financial Group restated a "hold" rating and issued a $136.00 target price (down previously from $140.00) on shares of Mid-America Apartment Communities in a research note on Tuesday, January 2nd. The Goldman Sachs Group restated a "buy" rating and issued a $149.00 target price on shares of Mid-America Apartment Communities in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $136.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Hold" and an average price target of $143.76.

About Mid-America Apartment Communities

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.