Barclays PLC Sells 87,207 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Barclays PLC trimmed its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 35.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,660 shares of the real estate investment trust's stock after selling 87,207 shares during the quarter. Barclays PLC owned approximately 0.13% of Mid-America Apartment Communities worth $24,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $1,162,000. Wilmington Savings Fund Society FSB acquired a new stake in Mid-America Apartment Communities during the 3rd quarter worth about $63,000. Tidal Investments LLC raised its position in shares of Mid-America Apartment Communities by 16.4% in the 3rd quarter. Tidal Investments LLC now owns 54,192 shares of the real estate investment trust's stock worth $8,611,000 after acquiring an additional 7,644 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Mid-America Apartment Communities by 5.8% in the 3rd quarter. Synovus Financial Corp now owns 29,763 shares of the real estate investment trust's stock valued at $4,729,000 after purchasing an additional 1,629 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Mid-America Apartment Communities by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 143,909 shares of the real estate investment trust's stock valued at $22,867,000 after purchasing an additional 4,618 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mid-America Apartment Communities

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MAA shares. JMP Securities reissued a "market outperform" rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Scotiabank raised shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Wells Fargo & Company decreased their price target 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. StockNews.com lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Finally, Raymond James increased their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.76.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $156.98 on Friday. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. The stock has a fifty day simple moving average of $161.23 and a two-hundred day simple moving average of $157.05. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 1-year low of $125.55 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (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%. Analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current 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 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 yield of 3.86%. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

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.

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