Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 40.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,454,809 shares of the real estate investment trust's stock after selling 1,008,856 shares during the quarter. Mid-America Apartment Communities accounts for 1.2% of Daiwa Securities Group Inc.'s investment portfolio, making the stock its 23rd largest position. Daiwa Securities Group Inc. owned approximately 1.25% of Mid-America Apartment Communities worth $195,614,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Mid-America Apartment Communities by 1.0% in the 1st quarter. BlackRock Inc. now owns 11,362,466 shares of the real estate investment trust's stock valued at $1,716,187,000 after purchasing an additional 112,194 shares during the last quarter. FMR LLC increased its position in shares of Mid-America Apartment Communities by 12.2% in the 3rd quarter. FMR LLC now owns 5,457,634 shares of the real estate investment trust's stock valued at $702,125,000 after purchasing an additional 592,306 shares during the last quarter. Norges Bank purchased a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at approximately $543,026,000. JPMorgan Chase & Co. increased its position in shares of Mid-America Apartment Communities by 41.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,251,030 shares of the real estate investment trust's stock valued at $491,036,000 after purchasing an additional 956,154 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Mid-America Apartment Communities by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 2,635,202 shares of the real estate investment trust's stock valued at $397,203,000 after purchasing an additional 60,949 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock traded up $1.01 during trading hours on Wednesday, reaching $124.80. 1,351,429 shares of the stock were exchanged, compared to its average volume of 892,879. The stock has a market cap of $14.57 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 52-week low of $115.56 and a 52-week high of $158.46. The firm's 50 day moving average is $128.88 and its 200 day moving average is $128.67.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.93). The firm had revenue of $542.25 million for the quarter, compared to analysts' expectations of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 EPS. Analysts predict that Mid-America Apartment Communities, Inc. will post 8.92 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $1.47 per share. The ex-dividend date is Friday, April 12th. This represents a $5.88 dividend on an annualized basis and a yield of 4.71%. Mid-America Apartment Communities's payout ratio is currently 124.84%.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $126.07, for a total transaction of $333,076.94. Following the completion of the transaction, the chief executive officer now owns 317,737 shares in the company, valued at approximately $40,057,103.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 2,807 shares of company stock worth $353,955. 1.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of recent analyst reports. Mizuho dropped their price objective on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mid-America Apartment Communities in a research report on Tuesday, January 30th. They issued a "hold" rating and a $139.00 price target for the company. Piper Sandler reaffirmed a "neutral" rating and set a $140.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Morgan Stanley boosted their target price on Mid-America Apartment Communities from $128.00 to $129.50 and gave the company an "equal weight" rating in a report on Monday, February 26th. Finally, Truist Financial dropped their price target on Mid-America Apartment Communities from $152.00 to $148.00 and set a "buy" rating on the stock in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $143.18.

Mid-America Apartment Communities Company 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.