APG Asset Management N.V. Has $21.56 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

APG Asset Management N.V. raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,400 shares of the real estate investment trust's stock after purchasing an additional 62,400 shares during the quarter. APG Asset Management N.V. owned 0.12% of Mid-America Apartment Communities worth $21,555,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Quarry LP purchased a new stake in Mid-America Apartment Communities in the 3rd quarter worth about $45,000. EP Wealth Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth approximately $547,000. National Bank of Canada FI boosted its holdings in shares of Mid-America Apartment Communities by 84.3% during the third quarter. National Bank of Canada FI now owns 59,733 shares of the real estate investment trust's stock worth $9,492,000 after purchasing an additional 27,328 shares during the period. MML Investors Services LLC grew its position in Mid-America Apartment Communities by 14.6% during the third quarter. MML Investors Services LLC now owns 8,331 shares of the real estate investment trust's stock valued at $1,324,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Mid-America Apartment Communities by 2.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust's stock valued at $28,711,000 after buying an additional 4,301 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

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Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded down $1.03 on Tuesday, hitting $155.88. The stock had a trading volume of 633,262 shares, compared to its average volume of 731,156. The firm's 50 day moving average price is $161.37 and its 200-day moving average price is $157.10. 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 twelve month low of $123.73 and a twelve month high of $173.38. The company has a market capitalization of $18.22 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released 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 net margin of 24.03% and a return on equity of 8.53%. On average, equities research analysts predict 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.89%. 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 company's stock in a transaction on 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 of the company's stock, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 7,140 shares of company stock valued at $1,142,842 over the last ninety days. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Scotiabank upgraded shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $173.00 to $182.00 in a 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. Truist Financial boosted their price target on Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Evercore ISI raised their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Finally, StockNews.com downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $168.76.

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.