Anchor Capital Advisors LLC Has $47 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Anchor Capital Advisors LLC raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 10,178.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 349,575 shares of the real estate investment trust's stock after buying an additional 346,174 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.30% of Mid-America Apartment Communities worth $47,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAA. Cullen Frost Bankers Inc. purchased a new position in shares of Mid-America Apartment Communities during the third quarter worth about $35,000. CVA Family Office LLC acquired a new position in Mid-America Apartment Communities during the fourth quarter worth $40,000. First Financial Corp IN raised its position in Mid-America Apartment Communities by 40.8% in the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 86 shares in the last quarter. Emfo LLC acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at $40,000. Finally, Lindbrook Capital LLC boosted its position in shares of Mid-America Apartment Communities by 36.1% during the 3rd quarter. Lindbrook Capital LLC now owns 400 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAA. Piper Sandler reiterated a "neutral" rating and issued a $140.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Morgan Stanley lifted their price target on shares of 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. The Goldman Sachs Group restated a "buy" rating and issued a $149.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Wedbush reaffirmed a "neutral" rating and issued a $135.00 price objective on shares of Mid-America Apartment Communities in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mid-America Apartment Communities in a research report on Tuesday, January 30th. They set a "hold" rating and a $139.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $143.06.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the stock in a transaction on Friday, April 5th. The stock was 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 directly 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 the SEC website. In the last quarter, insiders sold 2,807 shares of company stock worth $353,955. 1.30% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Trading Up 1.5 %

Shares of Mid-America Apartment Communities stock traded up $1.90 during mid-day trading on Monday, hitting $131.13. 917,324 shares of the stock were exchanged, compared to its average volume of 878,032. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $158.46. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $129.06 and a 200 day simple moving average of $128.52.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.93). Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The firm had revenue of $542.25 million for the quarter, compared to analyst estimates of $542.64 million. During the same quarter last year, the business posted $2.32 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.92 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities's dividend payout ratio is currently 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.