2,165 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Bought by Southeast Asset Advisors LLC

Southeast Asset Advisors LLC purchased a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,165 shares of the real estate investment trust's stock, valued at approximately $335,000.

Other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in 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 valued at $39,000 after acquiring an additional 68 shares during the period. Quarry LP purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $45,000. Headlands Technologies LLC acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at about $46,000. UMB Bank n.a. boosted its holdings in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after buying an additional 75 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in 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 worth $56,000 after buying an additional 133 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MAA. Royal Bank of Canada boosted their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. KeyCorp raised Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price target for the company in a research note on Tuesday, December 17th. Barclays lowered 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 note on Friday. Finally, JMP Securities restated a "market outperform" rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, nine have assigned 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, Mid-America Apartment Communities has a consensus rating of "Moderate Buy" and an average target price of $168.76.

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Mid-America Apartment Communities Trading Down 0.4 %

MAA stock traded down $0.63 on Friday, hitting $154.24. 1,588,647 shares of the company were exchanged, compared to its average volume of 729,506. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The business's fifty day moving average is $161.35 and its two-hundred day moving average is $157.11.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. As a group, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 135.27%.

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 dated Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 7,140 shares of company stock worth $1,142,842. Company insiders own 1.30% 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.