American Century Companies Inc. Has $6.17 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

American Century Companies Inc. boosted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,927 shares of the real estate investment trust's stock after purchasing an additional 1,760 shares during the period. American Century Companies Inc.'s holdings in Mid-America Apartment Communities were worth $6,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mizuho Securities USA LLC raised its stake in shares of Mid-America Apartment Communities by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 11,078 shares of the real estate investment trust's stock valued at $1,712,000 after acquiring an additional 3,499 shares in the last quarter. Kiker Wealth Management LLC acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $362,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Mid-America Apartment Communities by 36.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 62,627 shares of the real estate investment trust's stock valued at $9,680,000 after buying an additional 16,871 shares during the period. First National Bank of Hutchinson raised its position in Mid-America Apartment Communities by 3.0% in the fourth quarter. First National Bank of Hutchinson now owns 5,633 shares of the real estate investment trust's stock worth $871,000 after purchasing an additional 162 shares in the last quarter. Finally, Sandy Spring Bank raised its holdings in shares of Mid-America Apartment Communities by 25.2% in the 4th quarter. Sandy Spring Bank now owns 447 shares of the real estate investment trust's stock worth $69,000 after buying an additional 90 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the sale, the chief executive officer now owns 324,171 shares of the company's stock, valued at approximately $53,890,187.04. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 7,140 shares of company stock valued at $1,142,842. 1.30% of the stock is currently owned by insiders.

Mid-America Apartment Communities Stock Performance

Shares of MAA traded up $7.93 during trading hours on Wednesday, hitting $157.90. The company had a trading volume of 2,457,589 shares, compared to its average volume of 722,795. Mid-America Apartment Communities, Inc. has a 12 month low of $123.73 and a 12 month high of $173.38. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 3.72 and a beta of 0.79. The business has a fifty day moving average of $161.32 and a 200-day moving average of $157.22. 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 (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.84%. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MAA shares. Wells Fargo & Company reduced their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Truist Financial lifted 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 research report on Monday, March 10th. BMO Capital Markets reduced their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Barclays boosted their price target on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada increased their target price 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. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.90.

Mid-America Apartment Communities Company 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.