58,653 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 58,653 shares of the real estate investment trust's stock, valued at approximately $9,066,000. Susquehanna Fundamental Investments LLC owned approximately 0.05% of Mid-America Apartment Communities at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc raised its holdings in shares of Mid-America Apartment Communities by 37.2% during 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 period. Headlands Technologies LLC bought a new position in Mid-America Apartment Communities during the 4th quarter worth about $46,000. UMB Bank n.a. raised its stake in shares of Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 75 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 57.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 133 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $63,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the sale, the executive vice president now directly owns 3,012 shares in the company, valued at approximately $502,552.20. This represents a 5.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm'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 completion of the transaction, the chief executive officer now owns 319,813 shares in the company, valued at $47,949,563.09. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,313 shares of company stock worth $1,171,707 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $173.00 to $182.00 in a research report on Friday, February 14th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $159.50 to $168.00 in a report on Friday, January 24th. Barclays cut their price objective on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. JMP Securities reaffirmed a "market outperform" rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. Finally, Mizuho cut their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Moderate Buy" and a consensus price target of $168.45.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock traded up $5.70 during midday trading on Friday, hitting $167.77. 1,026,319 shares of the company were exchanged, compared to its average volume of 735,132. The firm has a market capitalization of $19.61 billion, a P/E ratio of 37.45, a PEG ratio of 3.72 and a beta of 0.80. 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, Inc. has a 52 week low of $126.77 and a 52 week high of $173.38. The firm's 50 day moving average price is $161.41 and its two-hundred day moving average price is $157.47.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The company had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. During the same quarter last year, the company earned $2.22 earnings per share. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were paid a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is 126.25%.

Mid-America Apartment Communities Profile

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.