Los Angeles Capital Management LLC Has $8.62 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Los Angeles Capital Management LLC reduced its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 60.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 64,131 shares of the real estate investment trust's stock after selling 98,880 shares during the quarter. Los Angeles Capital Management LLC owned about 0.05% of Mid-America Apartment Communities worth $8,623,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. FMR LLC raised its position in Mid-America Apartment Communities by 12.2% in the third quarter. FMR LLC now owns 5,457,634 shares of the real estate investment trust's stock worth $702,125,000 after acquiring an additional 592,306 shares in the last quarter. Morgan Stanley increased its holdings in Mid-America Apartment Communities by 1.4% in the third quarter. Morgan Stanley now owns 2,345,083 shares of the real estate investment trust's stock valued at $301,695,000 after buying an additional 31,813 shares in the last quarter. Blackstone Inc. lifted its position in shares of Mid-America Apartment Communities by 51.8% during the 3rd quarter. Blackstone Inc. now owns 2,043,861 shares of the real estate investment trust's stock valued at $262,943,000 after acquiring an additional 697,200 shares during the period. Northern Trust Corp boosted its stake in shares of Mid-America Apartment Communities by 5.7% during the 3rd quarter. Northern Trust Corp now owns 1,725,788 shares of the real estate investment trust's stock worth $222,023,000 after acquiring an additional 93,020 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Mid-America Apartment Communities by 1.4% during 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 acquiring an additional 16,889 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 1.0 %

NYSE MAA traded up $1.32 during trading hours on Friday, hitting $133.00. 1,071,007 shares of the company's stock were exchanged, compared to its average volume of 832,463. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.09 and a current ratio of 0.12. The firm has a market capitalization of $15.53 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 3.41 and a beta of 0.80. The business's 50 day moving average is $129.46 and its 200-day moving average is $128.49. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $158.46.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($1.01). Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The company had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.44 million. During the same period in the prior year, the business posted $2.28 earnings per share. Mid-America Apartment Communities's revenue was up 2.8% on a year-over-year basis. As a group, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.91 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 4.42%. The ex-dividend date was Friday, April 12th. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 123.27%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction 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 $40,057,103.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 2,807 shares of company stock valued at $353,955. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on MAA shares. Morgan Stanley boosted their target price on Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an "equal weight" rating in a research report on Monday, February 26th. Piper Sandler reissued a "neutral" rating and issued a $140.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Royal Bank of Canada restated a "sector perform" rating and set a $136.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, February 9th. Truist Financial lowered their price target on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a "buy" rating on the stock in a research report on Tuesday, April 9th. Finally, Wedbush restated a "neutral" rating and set a $135.00 price objective on shares of Mid-America Apartment Communities in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and a consensus target price of $143.06.

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.