Natixis Advisors L.P. Buys 9,306 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Natixis Advisors L.P. lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 42.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,266 shares of the real estate investment trust's stock after buying an additional 9,306 shares during the period. Natixis Advisors L.P.'s holdings in Mid-America Apartment Communities were worth $4,204,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Blackstone Inc. lifted its position in 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 worth $262,943,000 after buying an additional 697,200 shares in the last quarter. FMR LLC boosted its position in Mid-America Apartment Communities by 12.2% during the third 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. Anchor Capital Advisors LLC grew its stake in Mid-America Apartment Communities by 10,178.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 349,575 shares of the real estate investment trust's stock valued at $47,004,000 after purchasing an additional 346,174 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $39,561,000. Finally, Qube Research & Technologies Ltd increased its position in shares of Mid-America Apartment Communities by 178.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 314,252 shares of the real estate investment trust's stock worth $40,429,000 after purchasing an additional 201,488 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

NYSE:MAA traded down $0.87 during trading hours on Friday, reaching $135.47. 334,158 shares of the company were exchanged, compared to its average volume of 819,642. The business has a 50 day moving average of $130.46 and a 200 day moving average of $128.72. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $158.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $15.83 billion, a P/E ratio of 28.40, a P/E/G ratio of 3.55 and a beta of 0.80.

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 for the quarter, compared to analyst estimates of $541.44 million. During the same period last year, the company posted $2.28 earnings per share. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.89 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, April 12th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 123.27%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business's stock in a transaction that occurred 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 directly owns 317,737 shares in the company, valued at $40,057,103.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 2,807 shares of company stock worth $353,955. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

MAA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of 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. Piper Sandler reiterated a "neutral" rating and issued a $140.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Truist Financial reduced their price target on Mid-America Apartment Communities from $152.00 to $148.00 and set a "buy" rating for the company in a report on Tuesday, April 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $136.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, February 9th. Finally, Scotiabank raised Mid-America Apartment Communities from a "sector underperform" rating to a "sector perform" rating and boosted their target price for the stock from $133.00 to $147.00 in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $144.18.

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.