Two Sigma Securities LLC Invests $507,000 in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Two Sigma Securities LLC acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,281 shares of the real estate investment trust's stock, valued at approximately $507,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc boosted its position 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 purchasing an additional 68 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at $46,000. UMB Bank n.a. raised its position in 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 worth $50,000 after purchasing an additional 75 shares during the period. Catalyst Capital Advisors LLC lifted its stake in 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 worth $56,000 after acquiring an additional 133 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Mid-America Apartment Communities during the 3rd quarter worth about $63,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 1.6 %

Mid-America Apartment Communities stock traded up $2.59 during mid-day trading on Thursday, hitting $162.24. The company had a trading volume of 1,056,632 shares, compared to its average volume of 737,656. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 3.72 and a beta of 0.79. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 1 year low of $126.77 and a 1 year high of $173.38. The business has a fifty day moving average of $161.37 and a 200 day moving average of $157.30.

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

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were paid a dividend of $1.515 per share. The ex-dividend date was Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.74%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 135.27%.

Insider Buying and Selling

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction that occurred 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 SEC, which is accessible through this hyperlink. Insiders have sold a total of 7,140 shares of company stock valued at $1,142,842 over the last quarter. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MAA has been the topic of a number of analyst reports. Raymond James lifted their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a report on Thursday, March 20th. Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. Truist Financial increased their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Barclays dropped their target price 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. Finally, Royal Bank of Canada upped their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.45.

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.