Certior Financial Group LLC Takes Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Certior Financial Group LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,257 shares of the real estate investment trust's stock, valued at approximately $349,000.

A number of other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 68 shares during the period. Quarry LP acquired a new position in Mid-America Apartment Communities in the third quarter valued at $45,000. Headlands Technologies LLC purchased a new position in Mid-America Apartment Communities during the fourth quarter worth about $46,000. UMB Bank n.a. boosted its stake in Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after buying an additional 75 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Down 0.4 %

Shares of Mid-America Apartment Communities stock traded down $0.63 during trading hours on Friday, hitting $154.24. 1,588,647 shares of the company's stock traded hands, compared to its average volume of 729,506. 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, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The stock has a 50 day simple moving average of $161.35 and a 200-day simple moving average of $157.11. The company has a market cap of $18.03 billion, a PE ratio of 34.43, a PEG ratio of 3.72 and a beta of 0.79.

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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, 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%. Equities 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 Announces Dividend

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 paid a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.93%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 135.27%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MAA. KeyCorp upgraded shares of Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price objective on the stock in a report on Tuesday, December 17th. Wells Fargo & Company cut 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 note on Friday, January 24th. Mizuho lowered their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Evercore ISI increased their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, Raymond James lifted their target price on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a report on Thursday, March 20th. One equities research 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $168.76.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction that occurred 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 $47,949,563.09. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 7,140 shares of company stock valued at $1,142,842 in the last ninety days. Corporate insiders own 1.30% of the company's stock.

Mid-America Apartment Communities 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.