Quantinno Capital Management LP Purchases 21,783 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Quantinno Capital Management LP raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 117.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,365 shares of the real estate investment trust's stock after buying an additional 21,783 shares during the quarter. Quantinno Capital Management LP's holdings in Mid-America Apartment Communities were worth $6,239,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MAA. CoreCap Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 94.9% in the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Headlands Technologies LLC bought a new position in Mid-America Apartment Communities in the fourth quarter worth $46,000. UMB Bank n.a. lifted its position in Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 75 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 133 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MAA. Truist Financial raised their target price on Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Evercore ISI lifted their price objective on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. JMP Securities reiterated a "market outperform" rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and boosted their target price for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Finally, Royal Bank of Canada lifted their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of "Hold" and a consensus target price of $169.09.

Mid-America Apartment Communities Stock Down 0.6%

Shares of NYSE MAA traded down $1.00 during midday trading on Tuesday, hitting $160.34. 593,099 shares of the stock traded hands, compared to its average volume of 744,382. The company has a market cap of $18.77 billion, a PE ratio of 35.79, a P/E/G ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a one year low of $126.77 and a one year high of $173.38. The business has a 50 day moving average price of $160.47 and a two-hundred day moving average price of $158.25. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. The firm had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.22 earnings per share. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.78%. Mid-America Apartment Communities's payout ratio is 126.25%.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the transaction, the chief executive officer now owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Amber Fairbanks sold 173 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $166.85, for a total value of $28,865.05. Following the completion of the sale, the executive vice president now owns 3,012 shares in the company, valued at approximately $502,552.20. The trade was a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock valued at $1,171,707 over the last 90 days. Insiders own 1.20% of the company's stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.