Alliancebernstein L.P. Trims Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Alliancebernstein L.P. cut its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 454,043 shares of the real estate investment trust's stock after selling 31,184 shares during the quarter. Alliancebernstein L.P. owned about 0.39% of Mid-America Apartment Communities worth $70,181,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. IFP Advisors Inc lifted 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 valued at $39,000 after buying an additional 68 shares during the last quarter. Quarry LP acquired a new position in shares of Mid-America Apartment Communities in the third quarter valued at about $45,000. UMB Bank n.a. grew its position in shares of Mid-America Apartment Communities by 30.5% during 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 in the last quarter. Catalyst Capital Advisors LLC increased its stake in Mid-America Apartment Communities by 57.8% during the 4th 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 acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth $63,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the sale, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at $47,949,563.09. This represents 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 available through this link. Over the last ninety days, insiders sold 7,140 shares of company stock valued at $1,142,842. Company insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Stock Up 1.1 %

Shares of NYSE:MAA traded up $1.69 during trading on Tuesday, reaching $152.40. 262,570 shares of the stock were exchanged, compared to its average volume of 796,127. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 1-year low of $123.73 and a 1-year high of $173.38. The stock has a fifty day moving average of $161.08 and a two-hundred day moving average of $157.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating 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%. Research analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $1.515 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.98%. Mid-America Apartment Communities's payout ratio is 135.27%.

Analysts Set New Price Targets

MAA has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their price objective for the company from $148.00 to $190.00 in a research note on Monday, March 10th. BMO Capital Markets dropped their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research report on Tuesday, January 21st. KeyCorp upgraded shares of 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 report on Tuesday, December 17th. 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 report on Monday, January 6th. Finally, Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $159.50 to $168.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.90.

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.