Aviva PLC Has $672,000 Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Aviva PLC lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 75.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,345 shares of the real estate investment trust's stock after selling 13,063 shares during the quarter. Aviva PLC's holdings in Mid-America Apartment Communities were worth $672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAA. Resona Asset Management Co. Ltd. bought a new position in shares of Mid-America Apartment Communities during the fourth quarter worth about $10,012,000. Huntington National Bank increased its position in Mid-America Apartment Communities by 6.4% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock valued at $181,000 after acquiring an additional 70 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Mid-America Apartment Communities by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,656,669 shares of the real estate investment trust's stock valued at $410,641,000 after purchasing an additional 40,436 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $46,000. Finally, Geode Capital Management LLC boosted its stake in Mid-America Apartment Communities by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,193,188 shares of the real estate investment trust's stock valued at $492,421,000 after purchasing an additional 52,050 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

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Insider Activity

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities stock in a transaction on Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 7,140 shares of company stock valued at $1,142,842 over the last three months. 1.30% of the stock is owned by insiders.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded down $0.43 during trading on Tuesday, hitting $156.48. 556,930 shares of the company's stock traded hands, compared to its average volume of 730,845. The company has a market cap of $18.29 billion, a PE ratio of 34.88, a PEG ratio of 3.72 and a beta of 0.79. 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, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The firm's fifty day moving average price is $161.37 and its 200 day moving average price is $157.10.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results 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%. Analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Morgan Stanley raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Mizuho lowered their target price on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. StockNews.com lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Monday. Wells Fargo & Company reduced their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada increased their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $168.76.

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.